AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Shares Shorted: Short Interest Up 3,219.5% in September

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 116,845 shares, a growth of 3,219.5% from the August 31st total of 3,520 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 387,756 shares, the short-interest ratio is presently 0.3 days.

AB Tax-Aware Intermediate Municipal ETF Stock Down 0.5%

TAFM traded down $0.12 on Thursday, reaching $24.20. The company had a trading volume of 211,286 shares, compared to its average volume of 181,586. AB Tax-Aware Intermediate Municipal ETF has a fifty-two week low of $24.15 and a fifty-two week high of $25.93. The company’s fifty day moving average is $25.00 and its 200 day moving average is $25.30.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

A number of large investors have recently made changes to their positions in the company. NorthRock Partners LLC boosted its stake in 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 during the period. Envestnet Asset Management Inc. boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 18.7% in the second quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock valued at $8,576,000 after acquiring an additional 52,703 shares during the period. Dynasty Wealth Management LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.3% in the fourth quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock valued at $4,452,000 after acquiring an additional 2,311 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in AB Tax-Aware Intermediate Municipal ETF during the second quarter worth about $2,568,000. Finally, Leverty Financial Group LLC increased its position in AB Tax-Aware Intermediate Municipal ETF by 33.7% during the second quarter. Leverty Financial Group LLC now owns 75,118 shares of the company’s stock worth $1,929,000 after acquiring an additional 18,936 shares during the period.

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.