AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Update
by Mitch Edgeman · The Markets DailyAB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,215 shares, an increase of 1,233.9% from the June 15th total of 316 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 47,918 shares, the short-interest ratio is presently 0.1 days.
AB Conservative Buffer ETF Stock Performance
Shares of NASDAQ BUFC traded up $0.05 during midday trading on Friday, hitting $42.74. 4,165 shares of the stock traded hands, compared to its average volume of 47,562. The firm has a 50-day moving average of $42.37 and a two-hundred day moving average of $41.67. The firm has a market capitalization of $1.05 billion, a P/E ratio of 25.09 and a beta of 0.26. AB Conservative Buffer ETF has a one year low of $39.50 and a one year high of $42.77.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new stake in shares of AB Conservative Buffer ETF during the 4th quarter valued at $218,000. OLD Mission Capital LLC increased its holdings in AB Conservative Buffer ETF by 44.5% in the 4th quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock worth $1,325,000 after acquiring an additional 9,877 shares in the last quarter. Scarborough Advisors LLC raised its stake in AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after acquiring an additional 6,489 shares during the period. Legacy Wealth Advisors LLC bought a new stake in AB Conservative Buffer ETF during the 4th quarter worth approximately $6,726,000. Finally, HighTower Advisors LLC lifted its holdings in AB Conservative Buffer ETF by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock valued at $3,777,000 after purchasing an additional 2,423 shares in the last quarter.
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.