AB Moderate Buffer ETF (NASDAQ:BUFM) Sees Significant Drop in Short Interest

AB Moderate Buffer ETF (NASDAQ:BUFM) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,567 shares, a decline of 48.2% from the July 30th total of 3,024 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 17,325 shares, the short-interest ratio is presently 0.1 days.

AB Moderate Buffer ETF Price Performance

Shares of NASDAQ BUFM traded down $0.13 during midday trading on Monday, hitting $41.09. 312 shares of the company traded hands, compared to its average volume of 42,682. AB Moderate Buffer ETF has a 12-month low of $36.19 and a 12-month high of $41.41. The stock has a 50-day moving average price of $40.76 and a 200 day moving average price of $39.93.

Institutional Inflows and Outflows

A hedge fund recently raised its position in AB Moderate Buffer ETF stock. Alliancebernstein L.P. boosted its position in AB Moderate Buffer ETF (NASDAQ:BUFM) by 47.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,822,428 shares of the company’s stock after purchasing an additional 1,547,094 shares during the quarter. Alliancebernstein L.P. owned approximately 92.74% of AB Moderate Buffer ETF worth $176,190,000 at the end of the most recent quarter.

AB Moderate Buffer ETF Company Profile

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.