Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Rises By 151,830.3%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 100,274 shares, an increase of 151,830.3% from the April 15th total of 66 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 63,803 shares, the days-to-cover ratio is currently 1.6 days.

American Century Diversified Municipal Bond ETF Trading Down 0.0%

Shares of TAXF stock traded down $0.02 during trading hours on Monday, hitting $50.47. 29,701 shares of the company’s stock were exchanged, compared to its average volume of 55,070. The firm has a 50 day moving average of $50.47 and a two-hundred day moving average of $50.58. American Century Diversified Municipal Bond ETF has a fifty-two week low of $48.34 and a fifty-two week high of $51.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TAXF. Royal Bank of Canada raised its stake in American Century Diversified Municipal Bond ETF by 19.7% in the 1st quarter. Royal Bank of Canada now owns 28,464 shares of the company’s stock valued at $1,408,000 after purchasing an additional 4,682 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in American Century Diversified Municipal Bond ETF in the 1st quarter valued at $241,000. Raymond James Financial Inc. boosted its holdings in American Century Diversified Municipal Bond ETF by 17.3% during the 2nd quarter. Raymond James Financial Inc. now owns 136,643 shares of the company’s stock valued at $6,686,000 after acquiring an additional 20,105 shares during the period. Jane Street Group LLC boosted its holdings in American Century Diversified Municipal Bond ETF by 477.4% during the 2nd quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock valued at $15,616,000 after acquiring an additional 263,876 shares during the period. Finally, Orion Porfolio Solutions LLC raised its position in American Century Diversified Municipal Bond ETF by 926.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock valued at $19,280,000 after purchasing an additional 355,659 shares in the last quarter.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.