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

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,962 shares, a drop of 56.5% from the June 15th total of 29,791 shares. Based on an average daily volume of 189,612 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

AB Tax-Aware Intermediate Municipal ETF Trading Up 0.0%

TAFM stock traded up $0.01 during mid-day trading on Tuesday, reaching $25.51. The company’s stock had a trading volume of 183,819 shares, compared to its average volume of 143,672. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.51 and a 12 month high of $25.93. The business’s 50 day moving average price is $25.49 and its 200 day moving average price is $25.53.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its stake in AB Tax-Aware Intermediate Municipal ETF by 4.6% in the second quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after purchasing an additional 1,538 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock valued at $4,452,000 after buying an additional 2,311 shares during the period. Ausdal Financial Partners Inc. grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 143,475 shares of the company’s stock valued at $3,647,000 after buying an additional 2,314 shares during the period. Osaic Holdings Inc. increased its position in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after buying an additional 3,205 shares in the last quarter. Finally, Comerica Bank acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $90,000.

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.