AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 53,386 shares, an increase of 82.0% from the July 15th total of 29,329 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 311,442 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Financial LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF in the 4th quarter worth about $601,000. Advisory Services Network LLC boosted its position in AB Tax-Aware Short Duration Municipal ETF by 22.2% during the 4th quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after acquiring an additional 14,889 shares during the period. JPMorgan Chase & Co. grew its stake in AB Tax-Aware Short Duration Municipal ETF by 18.7% during the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after acquiring an additional 140,114 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in AB Tax-Aware Short Duration Municipal ETF during the 1st quarter valued at about $93,000.
AB Tax-Aware Short Duration Municipal ETF Trading Down 0.0%
NYSEARCA TAFI traded down $0.01 on Monday, hitting $25.08. 635,723 shares of the stock were exchanged, compared to its average volume of 421,966. The company’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $25.21. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.99 and a 52-week high of $25.65.
AB Tax-Aware Short Duration Municipal ETF Company Profile
The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.
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