Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Drops By 62.7%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 37,432 shares, a decline of 62.7% from the April 30th total of 100,274 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 41,432 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of American Century Diversified Municipal Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF during the 1st quarter valued at $25,000. Advisory Services Network LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF during the 3rd quarter valued at $103,000. Farther Finance Advisors LLC boosted its holdings in shares of American Century Diversified Municipal Bond ETF by 1,646.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,934 shares of the company’s stock valued at $148,000 after buying an additional 2,766 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of American Century Diversified Municipal Bond ETF by 34.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,129 shares of the company’s stock valued at $157,000 after buying an additional 796 shares in the last quarter. Finally, PFG Investments LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF during the 3rd quarter valued at $205,000.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA:TAXF traded up $0.14 during trading hours on Friday, hitting $50.59. The company had a trading volume of 31,004 shares, compared to its average volume of 54,685. The stock has a 50-day moving average price of $50.29 and a 200 day moving average price of $50.54. American Century Diversified Municipal Bond ETF has a 52 week low of $48.34 and a 52 week high of $51.42.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.