Short Interest in AB Moderate Buffer ETF (NASDAQ:BUFM) Decreases By 90.9%

AB Moderate Buffer ETF (NASDAQ:BUFM) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 9,604 shares, a drop of 90.9% from the February 12th total of 105,259 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 64,009 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 64,009 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On AB Moderate Buffer ETF

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its stake in shares of 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 acquiring an additional 1,547,094 shares in the last quarter. OLD Mission Capital LLC boosted its stake in shares of AB Moderate Buffer ETF by 123.7% in the 4th quarter. OLD Mission Capital LLC now owns 17,239 shares of the company’s stock valued at $673,000 after buying an additional 9,532 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of AB Moderate Buffer ETF during the third quarter worth approximately $94,000.

AB Moderate Buffer ETF Price Performance

NASDAQ:BUFM traded down $0.04 on Tuesday, reaching $39.12. The company’s stock had a trading volume of 24,221 shares, compared to its average volume of 64,981. AB Moderate Buffer ETF has a 12-month low of $32.06 and a 12-month high of $39.76. The stock has a 50 day moving average price of $39.37 and a 200 day moving average price of $38.73.

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.