Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Declines By 91.6%

AB Conservative Buffer ETF (NASDAQ:BUFC) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,800 shares, a drop of 91.6% from the February 13th total of 45,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 75,600 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several hedge funds have recently made changes to their positions in the stock. Ausdal Financial Partners Inc. grew its position in shares of AB Conservative Buffer ETF by 5.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after purchasing an additional 663 shares in the last quarter. HighTower Advisors LLC grew its position in shares of AB Conservative Buffer ETF by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock valued at $3,383,000 after purchasing an additional 2,225 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter valued at $125,000. OLD Mission Capital LLC purchased a new position in shares of AB Conservative Buffer ETF in the fourth quarter valued at $421,000. Finally, Susquehanna International Group LLP grew its position in shares of AB Conservative Buffer ETF by 355.6% in the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock valued at $1,758,000 after purchasing an additional 35,036 shares in the last quarter.

AB Conservative Buffer ETF Price Performance

NASDAQ:BUFC opened at $38.52 on Thursday. The business has a fifty day simple moving average of $39.38 and a two-hundred day simple moving average of $39.01. AB Conservative Buffer ETF has a 1 year low of $35.96 and a 1 year high of $40.10. The company has a market capitalization of $716.47 million, a P/E ratio of 26.21 and a beta of 0.22.

About AB Conservative Buffer ETF

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.