AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Drop in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 29,329 shares, a drop of 64.3% from the June 30th total of 82,041 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 368,824 shares, the days-to-cover ratio is presently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Trading Up 0.1%

Shares of NYSEARCA TAFI opened at $25.09 on Wednesday. The firm’s 50 day moving average price is $25.16 and its 200-day moving average price is $25.24. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $25.00 and a 52-week high of $25.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Princeton Global Asset Management LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the 1st quarter valued at about $93,000. Advisory Services Network LLC lifted its holdings in AB Tax-Aware Short Duration Municipal ETF by 22.2% in the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after acquiring an additional 14,889 shares during the period. JPMorgan Chase & Co. grew its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% during the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after purchasing an additional 140,114 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the 4th quarter worth approximately $601,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.