Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Drops By 42.0%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 22,264 shares, a decrease of 42.0% from the April 15th total of 38,419 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 422,464 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Princeton Global Asset Management LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF in the 1st quarter valued at $93,000. United Community Bank purchased a new stake in AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter valued at $94,000. Cary Street Partners Financial LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF in the 4th quarter valued at $601,000. Advisory Services Network LLC raised its position 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 buying an additional 14,889 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in AB Tax-Aware Short Duration Municipal ETF by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 748,108 shares of the company’s stock valued at $18,957,000 after buying an additional 51,147 shares during the last quarter.

AB Tax-Aware Short Duration Municipal ETF Trading Down 0.2%

AB Tax-Aware Short Duration Municipal ETF stock traded down $0.04 during trading on Friday, hitting $25.09. 392,806 shares of the company were exchanged, compared to its average volume of 399,776. The business’s 50 day moving average is $25.20 and its 200 day moving average is $25.27. AB Tax-Aware Short Duration Municipal ETF has a 52 week low of $24.91 and a 52 week high of $25.52.

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.