AB Moderate Buffer ETF (NASDAQ:BUFM) Short Interest Down 41.2% in April

AB Moderate Buffer ETF (NASDAQ:BUFM) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 6,570 shares, a decrease of 41.2% from the March 31st total of 11,164 shares. Based on an average daily volume of 85,137 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

AB Moderate Buffer ETF Price Performance

Shares of AB Moderate Buffer ETF stock remained flat at $39.46 during trading on Monday. 2,000 shares of the company traded hands, compared to its average volume of 55,029. AB Moderate Buffer ETF has a 12-month low of $34.32 and a 12-month high of $39.76. The firm’s 50-day simple moving average is $38.97 and its 200-day simple moving average is $38.93.

Hedge Funds Weigh In On AB Moderate Buffer ETF

A number of institutional investors have recently made changes to their positions in BUFM. OLD Mission Capital LLC lifted its holdings in AB Moderate Buffer ETF by 123.7% during the 4th quarter. OLD Mission Capital LLC now owns 17,239 shares of the company’s stock worth $673,000 after buying an additional 9,532 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of AB Moderate Buffer ETF by 24.5% in the third quarter. Alliancebernstein L.P. now owns 6,005,367 shares of the company’s stock worth $229,045,000 after buying an additional 1,182,939 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in AB Moderate Buffer ETF in the 3rd quarter worth approximately $94,000.

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.