AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 47,967 shares, a drop of 58.9% from the September 15th total of 116,845 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 438,404 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in TAFM. NorthRock Partners LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 211.8% in the second quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock worth $99,500,000 after purchasing an additional 2,632,091 shares in the last quarter. Leverty Financial Group LLC lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 217.1% during the 3rd quarter. Leverty Financial Group LLC now owns 238,217 shares of the company’s stock valued at $5,715,000 after buying an additional 163,099 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter valued at $2,568,000. Envestnet Asset Management Inc. lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 18.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock valued at $8,576,000 after buying an additional 52,703 shares in the last quarter. Finally, PMG Wealth Management Inc. bought a new position in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter worth $468,000.
AB Tax-Aware Intermediate Municipal ETF Trading Up 0.7%
Shares of AB Tax-Aware Intermediate Municipal ETF stock traded up $0.18 during trading hours on Thursday, reaching $24.23. 717,768 shares of the stock traded hands, compared to its average volume of 261,343. The company has a 50 day moving average price of $24.62 and a 200 day moving average price of $25.15. AB Tax-Aware Intermediate Municipal ETF has a one year low of $23.72 and a one year high of $25.93.
About AB Tax-Aware Intermediate Municipal ETF
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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