Short Interest in AB Moderate Buffer ETF (NASDAQ:BUFM) Drops By 62.6%

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

AB Moderate Buffer ETF Stock Performance

AB Moderate Buffer ETF stock traded up $0.05 during trading hours on Wednesday, reaching $40.75. 1,806 shares of the company’s stock were exchanged, compared to its average volume of 47,714. The firm’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $39.58. AB Moderate Buffer ETF has a twelve month low of $36.19 and a twelve month high of $40.76.

Institutional Investors Weigh In On AB Moderate Buffer ETF

A hedge fund recently raised its position in AB Moderate Buffer ETF stock. Alliancebernstein L.P. grew 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 and Exchange Commission (SEC). The fund owned 4,822,428 shares of the company’s stock after buying an additional 1,547,094 shares during the period. Alliancebernstein L.P. owned 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.