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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 35,486 shares, a decrease of 33.5% from the July 30th total of 53,386 shares. Based on an average daily volume of 385,283 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of TAFI stock opened at $24.97 on Thursday. AB Tax-Aware Short Duration Municipal ETF has a fifty-two week low of $24.96 and a fifty-two week high of $25.65. The stock’s fifty day moving average is $25.11 and its two-hundred day moving average is $25.18.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

Hedge funds have recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new position in AB Tax-Aware Short Duration Municipal ETF during the fourth quarter worth about $601,000. Princeton Global Asset Management LLC acquired a new stake in AB Tax-Aware Short Duration Municipal ETF in the 1st quarter valued at about $93,000. Advisory Services Network LLC raised its holdings in AB Tax-Aware Short Duration Municipal ETF by 22.2% in the 4th 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 last quarter. Finally, JPMorgan Chase & Co. lifted its stake in AB Tax-Aware Short Duration Municipal ETF by 18.7% in the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock worth $22,392,000 after purchasing an additional 140,114 shares in the last quarter.

About AB Tax-Aware Short Duration Municipal ETF

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.