AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Unusually-High Trading Volume – What’s Next?

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw an uptick in trading volume on Tuesday . 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 Stock Down 0.3 %

The company has a market capitalization of $722.24 million, a PE ratio of 26.22 and a beta of 0.22. The firm’s 50 day simple moving average is $39.28 and its 200 day simple moving average is $39.05.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Large investors have recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in AB Conservative Buffer ETF in the fourth quarter worth about $125,000. Susquehanna International Group LLP raised its holdings in shares of 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. OLD Mission Capital LLC bought a new stake in shares of AB Conservative Buffer ETF during the 4th quarter worth approximately $421,000. Alliancebernstein L.P. boosted its holdings in 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 valued at $537,756,000 after acquiring an additional 1,410,754 shares during the period. Finally, Ausdal Financial Partners Inc. grew its position in AB Conservative Buffer ETF by 5.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after acquiring an additional 663 shares during the last quarter.

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.