AB Conservative Buffer ETF (NASDAQ:BUFC) Short Interest Down 58.7% in July

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,829 shares, a decline of 58.7% from the July 15th total of 4,429 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,191 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AB Conservative Buffer ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new position in shares of AB Conservative Buffer ETF during the 4th quarter valued at $218,000. Assetmark Inc. increased its stake in AB Conservative Buffer ETF by 28.7% in the 4th quarter. Assetmark Inc. now owns 5,953 shares of the company’s stock worth $246,000 after buying an additional 1,327 shares in the last quarter. Scarborough Advisors LLC increased its stake in AB Conservative Buffer ETF by 200.3% in the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock worth $402,000 after buying an additional 6,489 shares in the last quarter. NewEdge Advisors LLC bought a new stake in AB Conservative Buffer ETF during the first quarter valued at about $426,000. Finally, Bailard Inc. bought a new stake in AB Conservative Buffer ETF during the fourth quarter valued at about $494,000.

AB Conservative Buffer ETF Trading Down 0.1%

NASDAQ BUFC traded down $0.05 on Friday, reaching $43.26. 18,320 shares of the stock were exchanged, compared to its average volume of 45,004. AB Conservative Buffer ETF has a one year low of $39.87 and a one year high of $43.34. The firm has a market capitalization of $1.06 billion, a PE ratio of 25.09 and a beta of 0.26. The company’s 50-day simple moving average is $42.67 and its two-hundred day simple moving average is $41.92.

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.