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

AB Conservative Buffer ETF (NASDAQ:BUFC) saw unusually-high trading volume on Tuesday . Approximately 200,117 shares changed hands during trading, an increase of 194% from the previous session’s volume of 68,114 shares.The stock last traded at $39.01 and had previously closed at $39.04.

AB Conservative Buffer ETF Stock Down 0.1 %

The firm’s 50 day moving average is $39.25 and its 200-day moving average is $38.52.

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 AB Conservative Buffer ETF (NASDAQ:BUFC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 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 SEC filing.

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.