AB International Buffer ETF (NASDAQ:BUFI) Shares Down 0.6% – Here’s Why

Shares of AB International Buffer ETF (NASDAQ:BUFI) traded down 0.6% during trading on Thursday . The company traded as low as $40.81 and last traded at $40.88. Approximately 42,159 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 23,519 shares. The stock had previously closed at $41.14.

AB International Buffer ETF Trading Down 0.6%

The business’s 50-day moving average is $40.33 and its two-hundred day moving average is $39.30.

Institutional Investors Weigh In On AB International Buffer ETF

A hedge fund recently raised its stake in AB International Buffer ETF stock. Alliancebernstein L.P. increased its stake in shares of AB International Buffer ETF (NASDAQ:BUFI) by 30.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,568,486 shares of the company’s stock after acquiring an additional 365,098 shares during the period. Alliancebernstein L.P. owned approximately 92.26% of AB International Buffer ETF worth $61,089,000 at the end of the most recent reporting period.

About AB International Buffer ETF

The AB International Buffer ETF Intl Buffer ETF (BUFI) is an exchange-traded fund that mostly invests in total market equity. The fund aims to participate in the price movement of the iShares MSCI EAFE ETF (ticker: EFA), 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. BUFI was launched on Dec 9, 2024 and is issued by AB Funds.