Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Increases By 107.7%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 25,188 shares, a growth of 107.7% from the April 30th total of 12,128 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average trading volume of 9,254 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC acquired a new position in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth approximately $3,952,000. Heck Capital Advisors LLC boosted its holdings in shares of AB Tax-Aware Long Municipal ETF by 61.8% in the 4th 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. Koshinski Asset Management Inc. boosted its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after acquiring an additional 9,983 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth approximately $70,000. Finally, Alliancebernstein L.P. lifted its holdings in 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 worth $19,019,000 after buying an additional 23,351 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of TAFL opened at $25.10 on Wednesday. AB Tax-Aware Long Municipal ETF has a one year low of $23.84 and a one year high of $25.55. The business’s 50 day simple moving average is $24.93 and its 200-day simple moving average is $25.05.

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.