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

Shares of AB Conservative Buffer ETF (NASDAQ:BUFC) saw an uptick in trading volume on Monday . 81,137 shares traded hands during trading, a decline of 13% from the previous session’s volume of 93,448 shares.The stock last traded at $38.68 and had previously closed at $38.38.

AB Conservative Buffer ETF Price Performance

The stock has a market cap of $718.33 million, a PE ratio of 26.21 and a beta of 0.22. The firm’s 50 day moving average price is $39.33 and its two-hundred day moving average price is $39.03.

Hedge Funds Weigh In On AB Conservative Buffer ETF

A number of large investors have recently added to or reduced their stakes in BUFC. Ausdal Financial Partners Inc. increased its stake in shares of AB Conservative Buffer ETF by 5.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 11,886 shares of the company’s stock valued at $466,000 after buying an additional 663 shares during the period. HighTower Advisors LLC grew its holdings in AB Conservative Buffer ETF by 2.6% in the fourth quarter. HighTower Advisors LLC now owns 86,364 shares of the company’s stock worth $3,383,000 after purchasing an additional 2,225 shares during the period. Ancora Advisors LLC purchased a new position in AB Conservative Buffer ETF during the fourth quarter valued at $125,000. OLD Mission Capital LLC bought a new position in AB Conservative Buffer ETF in the 4th quarter worth about $421,000. Finally, Susquehanna International Group LLP increased its position in shares of AB Conservative Buffer ETF by 355.6% during the fourth quarter. Susquehanna International Group LLP now owns 44,889 shares of the company’s stock valued at $1,758,000 after acquiring an additional 35,036 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.