AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Strong Trading Volume – Here’s Why

AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-strong trading volume on Tuesday . Approximately 35,246 shares were traded during trading, a decline of 26% from the previous session’s volume of 47,693 shares.The stock last traded at $38.90 and had previously closed at $38.73.

AB Conservative Buffer ETF Stock Performance

The firm’s 50 day simple moving average is $39.30 and its 200 day simple moving average is $39.05. The firm has a market capitalization of $723.19 million, a price-to-earnings ratio of 26.22 and a beta of 0.22.

Institutional Trading of AB Conservative Buffer ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. grew its position in shares of AB Conservative Buffer ETF by 11.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock valued at $537,756,000 after purchasing an additional 1,410,754 shares during the period. HighTower Advisors LLC lifted its stake in AB Conservative Buffer ETF by 2.6% in the 4th quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock valued at $3,383,000 after buying an additional 2,225 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in AB Conservative Buffer ETF by 355.6% in the 4th quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock worth $1,758,000 after buying an additional 35,036 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in AB Conservative Buffer ETF by 5.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock worth $466,000 after buying an additional 663 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in shares of AB Conservative Buffer ETF during the fourth quarter valued at approximately $421,000.

AB Conservative Buffer ETF Company Profile

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.