American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 26,503 shares, an increase of 172.3% from the August 15th total of 9,734 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 45,590 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TAXF. NewEdge Advisors LLC grew its holdings in shares of American Century Diversified Municipal Bond ETF by 93.9% in the first quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock valued at $5,354,000 after purchasing an additional 51,799 shares during the period. Allied Private Wealth LLC purchased a new position in American Century Diversified Municipal Bond ETF during the second quarter worth about $2,214,000. CX Institutional boosted its holdings in American Century Diversified Municipal Bond ETF by 5.1% in the 2nd quarter. CX Institutional now owns 428,304 shares of the company’s stock valued at $21,773,000 after purchasing an additional 20,819 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of American Century Diversified Municipal Bond ETF in the 1st quarter valued at approximately $822,000. Finally, Goldstein Advisors LLC grew its stake in shares of American Century Diversified Municipal Bond ETF by 3.6% in the 4th quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock valued at $20,762,000 after buying an additional 14,382 shares during the period.
American Century Diversified Municipal Bond ETF Stock Performance
Shares of TAXF stock opened at $48.57 on Tuesday. The stock’s fifty day moving average is $49.85 and its two-hundred day moving average is $50.27. American Century Diversified Municipal Bond ETF has a fifty-two week low of $48.41 and a fifty-two week high of $51.42.
About American Century Diversified Municipal Bond ETF
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.
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