AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Large Decrease in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 6,062 shares, a decline of 92.9% from the August 15th total of 85,880 shares. Based on an average trading volume of 13,004 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new stake in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth $3,952,000. Osaic Holdings Inc. lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% during the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock valued at $2,026,000 after purchasing an additional 80,036 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of AB Tax-Aware Long Municipal ETF during the fourth quarter valued at $1,137,000. Alliancebernstein L.P. boosted its position in shares of AB Tax-Aware Long Municipal ETF by 3.2% during the third quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock valued at $19,019,000 after buying an additional 23,351 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in 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 worth $521,000 after buying an additional 9,983 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of NYSEARCA:TAFL traded down $0.26 on Thursday, hitting $24.00. 14,631 shares of the company traded hands, compared to its average volume of 14,754. AB Tax-Aware Long Municipal ETF has a 52 week low of $23.97 and a 52 week high of $25.55. The stock has a 50 day simple moving average of $24.79 and a 200-day simple moving average of $24.95.

AB Tax-Aware Long Municipal ETF Company Profile

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.