AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Drop in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 35,486 shares, a drop of 33.5% from the July 30th total of 53,386 shares. Based on an average daily trading volume, of 385,283 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

AB Tax-Aware Short Duration Municipal ETF Price Performance

Shares of NYSEARCA:TAFI traded down $0.10 during midday trading on Tuesday, hitting $24.98. The stock had a trading volume of 764,815 shares, compared to its average volume of 430,071. The company’s 50-day moving average price is $25.12 and its 200-day moving average price is $25.19. AB Tax-Aware Short Duration Municipal ETF has a fifty-two week low of $24.96 and a fifty-two week high of $25.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in AB Tax-Aware Short Duration Municipal ETF during the first quarter worth $93,000. Cary Street Partners Financial LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the 4th quarter worth $601,000. Advisory Services Network LLC raised its holdings in shares of 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 buying an additional 14,889 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 worth $22,392,000 after buying an additional 140,114 shares during the last quarter.

About AB Tax-Aware Short Duration Municipal ETF

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.