AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 1,203.8% in August

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFMGet Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 67,405 shares, an increase of 1,203.8% from the July 30th total of 5,170 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 295,308 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter worth approximately $89,000. Comerica Bank purchased a new position in AB Tax-Aware Intermediate Municipal ETF in the 4th quarter valued at $90,000. Osaic Holdings Inc. boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after purchasing an additional 3,205 shares during the last quarter. Huntington National Bank acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth $227,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter worth $392,000.

AB Tax-Aware Intermediate Municipal ETF Stock Down 0.0%

TAFM traded down $0.01 on Wednesday, reaching $25.14. The stock had a trading volume of 6,297 shares, compared to its average volume of 163,955. The business’s 50-day moving average price is $25.37 and its two-hundred day moving average price is $25.46. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.62 and a 12-month high of $25.93.

About AB Tax-Aware Intermediate Municipal ETF

(Get Free Report)

The AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.

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