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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw an uptick in trading volume on Friday . 109,744 shares traded hands during 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 Down 0.0 %

The business’s 50 day moving average price is $39.31 and its 200 day moving average price is $38.59.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AB Conservative Buffer ETF stock. HighTower Advisors LLC purchased a new stake in shares of AB Conservative Buffer ETF (NASDAQ:BUFC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 84,139 shares of the company’s stock, valued at approximately $3,250,000. HighTower Advisors LLC owned 0.49% of AB Conservative Buffer ETF as of its most recent filing with the Securities & Exchange Commission.

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.