American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Short Interest Update

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 15,344 shares, a drop of 50.0% from the May 31st total of 30,669 shares. Based on an average trading volume of 36,429 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

American Century Diversified Municipal Bond ETF Price Performance

Shares of NYSEARCA:TAXF traded down $0.05 during trading on Tuesday, hitting $50.85. 2,675 shares of the stock were exchanged, compared to its average volume of 52,139. American Century Diversified Municipal Bond ETF has a 1-year low of $48.34 and a 1-year high of $51.42. The company’s fifty day simple moving average is $50.49 and its 200-day simple moving average is $50.55.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

A number of hedge funds have recently made changes to their positions in the business. CWM LLC lifted its position in shares of American Century Diversified Municipal Bond ETF by 3.8% during the 4th quarter. CWM LLC now owns 1,389,743 shares of the company’s stock worth $70,015,000 after buying an additional 51,206 shares during the period. LPL Financial LLC grew its position in American Century Diversified Municipal Bond ETF by 4.7% in the fourth quarter. LPL Financial LLC now owns 649,182 shares of the company’s stock valued at $32,706,000 after acquiring an additional 28,876 shares during the period. Goldstein Advisors LLC grew its position in American Century Diversified Municipal Bond ETF by 3.6% in the fourth quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock valued at $20,762,000 after acquiring an additional 14,382 shares during the period. CX Institutional grew its position in American Century Diversified Municipal Bond ETF by 1.7% in the fourth quarter. CX Institutional now owns 400,348 shares of the company’s stock valued at $20,170,000 after acquiring an additional 6,643 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in American Century Diversified Municipal Bond ETF by 926.8% during the second quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock worth $19,280,000 after acquiring an additional 355,659 shares in the last quarter.

About American Century Diversified Municipal Bond ETF

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.