Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Declines By 79.2%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 5,170 shares, a decrease of 79.2% from the July 15th total of 24,849 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 175,976 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 4th quarter worth $90,000. Fifth Third Bancorp purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter valued at $89,000. Osaic Holdings Inc. raised its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% in the second quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after acquiring an additional 3,205 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter valued at about $200,000. Finally, Huntington National Bank purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth about $227,000.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of AB Tax-Aware Intermediate Municipal ETF stock traded down $0.04 on Friday, hitting $25.25. 166,795 shares of the company traded hands, compared to its average volume of 157,932. The stock’s 50 day moving average price is $25.42 and its 200-day moving average price is $25.48. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.62 and a 52 week high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Company Profile

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.