AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Update

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 37,901 shares, an increase of 66.9% from the March 15th total of 22,703 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 14,104 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in shares of AB Tax-Aware Long Municipal ETF by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock valued at $19,019,000 after purchasing an additional 23,351 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF during the fourth quarter worth approximately $3,952,000. Heck Capital Advisors LLC raised its stake in shares of AB Tax-Aware Long Municipal ETF by 61.8% during the fourth quarter. Heck Capital Advisors LLC now owns 136,077 shares of the company’s stock worth $3,408,000 after acquiring an additional 51,994 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% during the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock worth $2,026,000 after acquiring an additional 80,036 shares in the last quarter. Finally, Advisory Resource Group boosted its stake in shares of AB Tax-Aware Long Municipal ETF by 9.4% in the 3rd quarter. Advisory Resource Group now owns 79,903 shares of the company’s stock valued at $1,997,000 after purchasing an additional 6,844 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of TAFL traded down $0.02 during trading hours on Tuesday, hitting $24.96. The company’s stock had a trading volume of 55,106 shares, compared to its average volume of 15,603. The business has a 50 day simple moving average of $25.04 and a two-hundred day simple moving average of $25.09. AB Tax-Aware Long Municipal ETF has a 52-week low of $23.84 and a 52-week high of $25.55.

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.