AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Significant Growth in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 85,880 shares, a growth of 377.1% from the July 30th total of 18,001 shares. Based on an average daily trading volume, of 36,172 shares, the short-interest ratio is currently 2.4 days. Currently, 3.4% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TAFL. Kestra Advisory Services LLC acquired a new position in AB Tax-Aware Long Municipal ETF in the 4th quarter worth about $70,000. Jane Street Group LLC boosted its stake in shares of AB Tax-Aware Long Municipal ETF by 5.7% during the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after purchasing an additional 565 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of AB Tax-Aware Long Municipal ETF by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after buying an additional 5,725 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the first quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock valued at $521,000 after buying an additional 9,983 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in AB Tax-Aware Long Municipal ETF by 8,003.6% in the 4th quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock valued at $2,026,000 after buying an additional 80,036 shares during the last quarter.

AB Tax-Aware Long Municipal ETF Stock Performance

Shares of NYSEARCA TAFL traded up $0.04 during midday trading on Friday, reaching $24.71. 1,372 shares of the company were exchanged, compared to its average volume of 14,823. The stock’s 50-day moving average price is $24.96 and its 200-day moving average price is $25.01. AB Tax-Aware Long Municipal ETF has a one year low of $23.97 and a one year high of $25.55.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.