AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Volume Increase – Time to Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-strong trading volume on Tuesday . Approximately 35,246 shares were traded during mid-day 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 Trading Down 0.3 %

The company has a market cap of $722.24 million, a PE ratio of 26.22 and a beta of 0.22. The business has a fifty day moving average of $39.28 and a 200-day moving average of $39.05.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BUFC. HighTower Advisors LLC bought a new stake in shares of AB Conservative Buffer ETF during the 3rd quarter valued at about $3,250,000. Susquehanna International Group LLP lifted its holdings in AB Conservative Buffer ETF by 355.6% in the fourth 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 period. Ancora Advisors LLC bought a new stake in AB Conservative Buffer ETF during the 4th quarter valued at approximately $125,000. OLD Mission Capital LLC purchased a new position in shares of AB Conservative Buffer ETF during the 4th quarter worth approximately $421,000. Finally, Alliancebernstein L.P. grew its holdings in shares of AB Conservative Buffer ETF by 11.5% during the 4th quarter. Alliancebernstein L.P. now owns 13,728,764 shares of the company’s stock worth $537,756,000 after acquiring an additional 1,410,754 shares during the 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.