AB Conservative Buffer ETF (NASDAQ:BUFC – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 522 shares, a decline of 71.5% from the July 30th total of 1,829 shares. Based on an average daily trading volume, of 36,127 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
AB Conservative Buffer ETF Stock Up 0.2%
BUFC traded up $0.09 during trading on Thursday, hitting $43.27. 21,791 shares of the company’s stock were exchanged, compared to its average volume of 44,436. The stock has a market cap of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26. AB Conservative Buffer ETF has a fifty-two week low of $39.99 and a fifty-two week high of $43.38. The business’s 50 day moving average is $42.80 and its two-hundred day moving average is $42.01.
Institutional Investors Weigh In On AB Conservative Buffer ETF
Several institutional investors have recently added to or reduced their stakes in BUFC. Rockefeller Capital Management L.P. bought a new position in shares of AB Conservative Buffer ETF in the fourth quarter worth $218,000. Scarborough Advisors LLC increased its stake in shares of AB Conservative Buffer ETF by 200.3% during the fourth quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after buying an additional 6,489 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF in the 1st quarter worth about $426,000. Bailard Inc. bought a new stake in AB Conservative Buffer ETF during the 4th quarter valued at approximately $494,000. Finally, Ausdal Financial Partners Inc. grew its stake in AB Conservative Buffer ETF by 9.8% in the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock worth $526,000 after purchasing an additional 1,190 shares during the period.
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.
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