Short Interest in AB Conservative Buffer ETF (NASDAQ:BUFC) Grows By 11.5%

AB Conservative Buffer ETF (NASDAQ:BUFC) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,900 shares, a growth of 11.5% from the October 31st total of 2,600 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 0.1 days.

AB Conservative Buffer ETF Stock Performance

AB Conservative Buffer ETF stock opened at $39.39 on Wednesday. The stock’s 50 day moving average price is $38.84 and its 200 day moving average price is $38.06. AB Conservative Buffer ETF has a 1-year low of $35.11 and a 1-year high of $39.40.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quantum Private Wealth LLC acquired a new stake in shares of AB Conservative Buffer ETF during the 2nd quarter worth approximately $413,000. N.E.W. Advisory Services LLC purchased a new stake in shares of AB Conservative Buffer ETF during the second quarter worth $800,000. Finally, HighTower Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF during the third quarter worth $3,250,000.

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.