AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Large Volume Increase – Here’s What Happened

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-strong trading volume on Wednesday . Approximately 124,871 shares changed hands during mid-day trading, an increase of 185% from the previous session’s volume of 43,798 shares.The stock last traded at $43.19 and had previously closed at $43.22.

AB Conservative Buffer ETF Price Performance

The business’s 50-day moving average price is $42.79 and its two-hundred day moving average price is $41.99. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.09 and a beta of 0.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BUFC. Legacy Wealth Advisors LLC acquired a new stake in shares of AB Conservative Buffer ETF during the fourth quarter worth about $6,726,000. HighTower Advisors LLC increased its stake in AB Conservative Buffer ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 91,407 shares of the company’s stock worth $3,777,000 after purchasing an additional 2,423 shares in the last quarter. Susquehanna International Group LLP raised its holdings in AB Conservative Buffer ETF by 534.9% during the 3rd quarter. Susquehanna International Group LLP now owns 77,237 shares of the company’s stock worth $3,138,000 after buying an additional 65,072 shares during the period. OLD Mission Capital LLC lifted its stake in AB Conservative Buffer ETF by 44.5% in the fourth quarter. OLD Mission Capital LLC now owns 32,056 shares of the company’s stock valued at $1,325,000 after buying an additional 9,877 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of AB Conservative Buffer ETF by 9.8% in the second quarter. Ausdal Financial Partners Inc. now owns 13,332 shares of the company’s stock valued at $526,000 after buying an additional 1,190 shares during the period.

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.