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

AB Conservative Buffer ETF (NASDAQ:BUFC) shares saw strong trading volume on Friday . 201,144 shares traded hands during mid-day trading, an increase of 249% from the previous session’s volume of 57,618 shares.The stock last traded at $41.4460 and had previously closed at $41.44.

AB Conservative Buffer ETF Trading Up 0.0%

The company has a market capitalization of $969.84 million, a PE ratio of 25.09 and a beta of 0.24. The company’s 50 day moving average price is $40.97 and its 200-day moving average price is $40.31.

Institutional Investors Weigh In On AB Conservative Buffer ETF

Several institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in AB Conservative Buffer ETF during the 3rd quarter worth approximately $188,000. NewEdge Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF during the first quarter worth $426,000. Ausdal Financial Partners Inc. boosted its stake 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 purchasing an additional 1,190 shares during the period. Susquehanna International Group LLP grew 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 valued at $3,138,000 after purchasing an additional 65,072 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in AB Conservative Buffer ETF by 24.0% in the 1st quarter. Alliancebernstein L.P. now owns 17,019,152 shares of the company’s stock worth $658,131,000 after buying an additional 3,290,388 shares in the last quarter.

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.