AB Moderate Buffer ETF (NASDAQ:BUFM – Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 11,164 shares, a drop of 14.2% from the March 15th total of 13,009 shares. Based on an average daily volume of 23,861 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.
AB Moderate Buffer ETF Stock Performance
Shares of BUFM stock remained flat at $39.32 on Friday. 32,615 shares of the company were exchanged, compared to its average volume of 58,738. The company’s fifty day moving average price is $38.97 and its 200 day moving average price is $38.87. AB Moderate Buffer ETF has a 12-month low of $33.07 and a 12-month high of $39.76.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BUFM. Alliancebernstein L.P. raised its position in shares of AB Moderate Buffer ETF by 47.2% during the 2nd quarter. Alliancebernstein L.P. now owns 4,822,428 shares of the company’s stock worth $176,190,000 after acquiring an additional 1,547,094 shares in the last quarter. OLD Mission Capital LLC boosted its holdings in AB Moderate Buffer ETF by 123.7% in the fourth quarter. OLD Mission Capital LLC now owns 17,239 shares of the company’s stock valued at $673,000 after purchasing an additional 9,532 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in AB Moderate Buffer ETF in the third quarter valued at approximately $94,000.
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.
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