AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Update

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 39,435 shares, an increase of 2,696.8% from the April 15th total of 1,410 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 98,835 shares, the days-to-cover ratio is currently 0.4 days.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA TAFM traded up $0.01 during midday trading on Monday, reaching $25.48. 230,713 shares of the company were exchanged, compared to its average volume of 111,314. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.51 and a one year high of $25.93. The stock’s 50-day moving average price is $25.49 and its 200-day moving average price is $25.54.

Institutional Investors Weigh In On AB Tax-Aware Intermediate Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in TAFM. Fifth Third Bancorp bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $89,000. Comerica Bank acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at approximately $90,000. Osaic Holdings Inc. raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after purchasing an additional 3,205 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $200,000. Finally, Huntington National Bank acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 4th quarter worth approximately $227,000.

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.