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

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

AB Conservative Buffer ETF Stock Up 0.3 %

Shares of BUFC opened at $39.39 on Wednesday. The firm’s 50 day moving average is $38.84 and its 200-day moving average is $38.06. AB Conservative Buffer ETF has a 12 month low of $35.11 and a 12 month high of $39.40.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Hedge funds have recently modified their holdings of the business. Quantum Private Wealth LLC bought a new stake in AB Conservative Buffer ETF in the second quarter valued at $413,000. N.E.W. Advisory Services LLC purchased a new position in AB Conservative Buffer ETF in the second quarter valued at about $800,000. Finally, HighTower Advisors LLC purchased a new position in AB Conservative Buffer ETF in the third quarter valued at about $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.