AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,969 shares, a decline of 55.1% from the September 15th total of 4,382 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 21,676 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TAFL. Koshinski Asset Management Inc. increased 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 valued at $521,000 after acquiring an additional 9,983 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of AB Tax-Aware Long Municipal ETF by 30.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after acquiring an additional 21,829 shares in the last quarter. Finally, Heck Capital Advisors LLC raised its position in shares of AB Tax-Aware Long Municipal ETF by 0.6% during the 2nd quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock worth $3,497,000 after acquiring an additional 807 shares in the last quarter.
AB Tax-Aware Long Municipal ETF Stock Performance
Shares of TAFL stock traded down $0.10 on Wednesday, reaching $23.33. 16,857 shares of the stock were exchanged, compared to its average volume of 17,350. The business’s 50 day moving average price is $24.14 and its 200 day moving average price is $24.70. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.04 and a twelve month high of $25.55.
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.
See Also
- Five stocks we like better than AB Tax-Aware Long Municipal ETF
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for AB Tax-Aware Long Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Tax-Aware Long Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
