AB Moderate Buffer ETF (NASDAQ:BUFM – Get Free Report) was the target of a significant increase in short interest during the month of 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. Currently, 0.3% of the company’s shares are sold short. 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%
NASDAQ BUFM traded up $0.09 during trading on Friday, hitting $40.56. The stock had a trading volume of 24,326 shares, compared to its average volume of 48,943. AB Moderate Buffer ETF has a one year low of $35.58 and a one year high of $40.56. The stock has a 50 day simple moving average of $39.37 and a 200 day simple moving average of $39.20.
Institutional Trading of AB Moderate Buffer ETF
Several institutional investors have recently added to or reduced their stakes in BUFM. 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. 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, Atlantic Union Bankshares Corp bought a new stake in AB Moderate Buffer ETF in the third quarter worth about $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.
Featured Stories
- Five stocks we like better than AB Moderate Buffer ETF
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for AB Moderate Buffer ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Moderate Buffer ETF and related companies with MarketBeat.com's FREE daily email newsletter.
