AB Conservative Buffer ETF (NASDAQ:BUFC) Sees Unusually-High Trading Volume – Should You Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC) shares saw an uptick in trading volume on Friday . 109,744 shares were traded during mid-day trading, an increase of 110% from the previous session’s volume of 52,270 shares.The stock last traded at $39.72 and had previously closed at $39.70.

AB Conservative Buffer ETF Stock Performance

The firm’s 50 day moving average is $39.32 and its two-hundred day moving average is $38.61.

Hedge Funds Weigh In On AB Conservative Buffer ETF

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. HighTower Advisors LLC acquired a new position in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 84,139 shares of the company’s stock, valued at approximately $3,250,000. HighTower Advisors LLC owned approximately 0.49% of AB Conservative Buffer ETF as of its most recent filing with the Securities & Exchange Commission.

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.