Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Drops By 94.8%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,520 shares, a drop of 94.8% from the August 15th total of 67,405 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 284,175 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Hedge funds have recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 211.8% in the 2nd quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock valued at $99,500,000 after purchasing an additional 2,632,091 shares in the last quarter. Alliancebernstein L.P. boosted its position in AB Tax-Aware Intermediate Municipal ETF by 14.4% during the second quarter. Alliancebernstein L.P. now owns 5,790,470 shares of the company’s stock worth $144,316,000 after purchasing an additional 730,283 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 2,008.3% in the fourth quarter. JPMorgan Chase & Co. now owns 288,885 shares of the company’s stock valued at $7,343,000 after purchasing an additional 275,183 shares during the period. LPL Financial LLC grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 23.5% in the fourth quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock valued at $19,530,000 after purchasing an additional 146,268 shares during the period. Finally, Jane Street Group LLC increased its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1,257.2% in the first quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock valued at $3,428,000 after buying an additional 126,172 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Trading Up 0.1%

AB Tax-Aware Intermediate Municipal ETF stock traded up $0.03 during mid-day trading on Friday, hitting $24.60. The company had a trading volume of 761,535 shares, compared to its average volume of 172,553. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.50 and a 12-month high of $25.93. The company’s fifty day moving average is $25.17 and its 200-day moving average is $25.38.

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.