AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Unusually-High Trading Volume – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Thursday . Approximately 167,766 shares traded hands during trading, an increase of 158% from the previous session’s volume of 64,972 shares.The stock last traded at $39.66 and had previously closed at $39.65.

AB Conservative Buffer ETF Trading Down 0.2 %

The stock’s fifty day simple moving average is $39.38 and its 200-day simple moving average is $38.67.

Institutional Investors Weigh In On AB Conservative Buffer ETF

A hedge fund recently bought a new stake in AB Conservative Buffer ETF stock. HighTower Advisors LLC purchased a new position in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 84,139 shares of the company’s stock, valued at approximately $3,250,000. HighTower Advisors LLC owned about 0.49% of AB Conservative Buffer ETF at the end of the most recent reporting period.

About AB Conservative Buffer ETF

The AB Conservative Buffer ETF (BUFC) 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 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.