AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Down 20.5% in January

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 24,071 shares, a drop of 20.5% from the January 15th total of 30,285 shares. Based on an average trading volume of 30,836 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 30,836 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter worth approximately $70,000. Jane Street Group LLC raised its stake in shares of AB Tax-Aware Long Municipal ETF by 5.7% in the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock worth $259,000 after buying an additional 565 shares during the period. Koshinski Asset Management Inc. bought a new position in AB Tax-Aware Long Municipal ETF in the 3rd quarter worth $274,000. Commonwealth Equity Services LLC increased its stake in AB Tax-Aware Long Municipal ETF by 46.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock worth $449,000 after buying an additional 5,725 shares in the last quarter. Finally, Capital Investment Counsel Inc raised its holdings in AB Tax-Aware Long Municipal ETF by 78.6% during the second quarter. Capital Investment Counsel Inc now owns 25,000 shares of the company’s stock valued at $612,000 after acquiring an additional 11,000 shares during the period.

AB Tax-Aware Long Municipal ETF Stock Up 0.2%

NYSEARCA TAFL traded up $0.04 during trading on Tuesday, hitting $25.24. The company had a trading volume of 1,436 shares, compared to its average volume of 18,995. The company’s fifty day moving average is $25.07 and its 200-day moving average is $24.92. AB Tax-Aware Long Municipal ETF has a one year low of $23.40 and a one year high of $25.49.

AB Tax-Aware Long Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0837 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.0%.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that primarily invests in investment grade municipal bonds from the US. The fund seeks to maintain an effective duration of 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.