AB Moderate Buffer ETF (NASDAQ:BUFM – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 25,385 shares, an increase of 202.1% from the April 30th total of 8,404 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 21,633 shares, the short-interest ratio is presently 1.2 days.
AB Moderate Buffer ETF Stock Up 0.2%
Shares of NASDAQ:BUFM traded up $0.09 during trading on Friday, reaching $40.56. The company’s stock had a trading volume of 24,326 shares, compared to its average volume of 48,943. AB Moderate Buffer ETF has a 12 month low of $35.58 and a 12 month high of $40.56. The firm’s 50 day simple moving average is $39.37 and its two-hundred day simple moving average is $39.20.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BUFM. Atlantic Union Bankshares Corp bought a new position in shares of AB Moderate Buffer ETF in the 3rd quarter valued at about $94,000. OLD Mission Capital LLC lifted its stake 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 worth $673,000 after purchasing an additional 9,532 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in AB Moderate Buffer ETF by 47.2% in the second quarter. Alliancebernstein L.P. now owns 4,822,428 shares of the company’s stock worth $176,190,000 after purchasing an additional 1,547,094 shares during the last 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.
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