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

AB Conservative Buffer ETF (NASDAQ:BUFC) shares saw an uptick in trading volume on Tuesday . 209,146 shares were traded during mid-day trading, an increase of 361% from the previous session’s volume of 45,413 shares.The stock last traded at $42.30 and had previously closed at $42.51.

AB Conservative Buffer ETF Stock Performance

The firm’s 50-day moving average is $41.44 and its two-hundred day moving average is $41.32. The stock has a market cap of $1.05 billion, a P/E ratio of 25.09 and a beta of 0.26.

Hedge Funds Weigh In On AB Conservative Buffer ETF

Several large investors have recently made changes to their positions in BUFC. Assetmark Inc. bought a new position in AB Conservative Buffer ETF in the third quarter valued at about $188,000. Rockefeller Capital Management L.P. acquired a new position in AB Conservative Buffer ETF during the 4th quarter valued at about $218,000. Scarborough Advisors LLC lifted its position in AB Conservative Buffer ETF by 200.3% during the 4th quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after purchasing an additional 6,489 shares during the period. NewEdge Advisors LLC bought a new position in shares of AB Conservative Buffer ETF in the 1st quarter valued at about $426,000. Finally, Bailard Inc. bought a new position in shares of AB Conservative Buffer ETF in the 4th quarter valued at about $494,000.

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.