AB Moderate Buffer ETF (NASDAQ:BUFM) Sees Large Decline in Short Interest

AB Moderate Buffer ETF (NASDAQ:BUFM) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 10,567 shares, a drop of 62.6% from the June 15th total of 28,261 shares. Based on an average daily volume of 42,931 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

AB Moderate Buffer ETF Stock Performance

BUFM stock opened at $40.72 on Monday. AB Moderate Buffer ETF has a 52-week low of $36.19 and a 52-week high of $40.76. The stock’s 50 day moving average is $40.30 and its two-hundred day moving average is $39.56.

Institutional Trading of AB Moderate Buffer ETF

A hedge fund recently raised its position in AB Moderate Buffer ETF stock. Alliancebernstein L.P. boosted its stake in AB Moderate Buffer ETF (NASDAQ:BUFM) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,005,367 shares of the company’s stock after acquiring an additional 1,182,939 shares during the period. Alliancebernstein L.P. owned 93.83% of AB Moderate Buffer ETF worth $229,045,000 at the end of the most recent reporting period.

About AB Moderate Buffer ETF

The AB Moderate Buffer ETF (BUFM) 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 10% decline. The fund employs FLEX options to implement this strategy and resets its cap and buffer levels at each outcome period. BUFM was launched on Dec 9, 2024 and is issued by AB Funds.