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

AB Conservative Buffer ETF (NASDAQ:BUFC) shares saw strong trading volume on Thursday . 167,766 shares changed hands during trading, an increase of 158% from the previous session’s volume of 64,972 shares.The stock last traded at $39.66 and had previously closed at $39.65.

AB Conservative Buffer ETF Stock Performance

The firm’s 50 day moving average is $39.35 and its 200-day moving average is $38.65.

Institutional Trading of AB Conservative Buffer ETF

A hedge fund recently raised its stake in AB Conservative Buffer ETF stock. Quantum Private Wealth LLC increased its holdings in AB Conservative Buffer ETF (NASDAQ:BUFC) by 54.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 17,000 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Quantum Private Wealth LLC owned approximately 0.10% of AB Conservative Buffer ETF worth $656,000 at the end of the most recent 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.