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

AB Moderate Buffer ETF (NASDAQ:BUFM) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 12,871 shares, a decrease of 49.3% from the May 14th total of 25,385 shares. Based on an average daily trading volume, of 44,392 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

AB Moderate Buffer ETF Stock Performance

NASDAQ:BUFM traded up $0.06 during trading hours on Friday, hitting $40.24. The company’s stock had a trading volume of 14,589 shares, compared to its average volume of 48,577. AB Moderate Buffer ETF has a twelve month low of $35.96 and a twelve month high of $40.67. The stock has a fifty day simple moving average of $39.77 and a 200-day simple moving average of $39.33.

Institutional Investors Weigh In On AB Moderate Buffer ETF

An institutional investor recently raised its position in AB Moderate Buffer ETF stock. Alliancebernstein L.P. increased its position in shares of AB Moderate Buffer ETF (NASDAQ:BUFM) by 47.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,822,428 shares of the company’s stock after acquiring an additional 1,547,094 shares during the period. Alliancebernstein L.P. owned about 92.74% of AB Moderate Buffer ETF worth $176,190,000 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.