American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Growth in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 26,503 shares, an increase of 172.3% from the August 15th total of 9,734 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 45,590 shares, the days-to-cover ratio is presently 0.6 days.

American Century Diversified Municipal Bond ETF Price Performance

Shares of TAXF traded down $0.06 on Monday, hitting $48.57. 102,741 shares of the stock traded hands, compared to its average volume of 50,877. American Century Diversified Municipal Bond ETF has a one year low of $48.41 and a one year high of $51.42. The business has a 50 day simple moving average of $49.90 and a 200 day simple moving average of $50.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of American Century Diversified Municipal Bond ETF during the second quarter valued at $169,000. NewEdge Advisors LLC raised its position in American Century Diversified Municipal Bond ETF by 9.1% in the 2nd quarter. NewEdge Advisors LLC now owns 116,750 shares of the company’s stock worth $5,935,000 after buying an additional 9,773 shares during the last quarter. IFP Advisors Inc raised its position in American Century Diversified Municipal Bond ETF by 6.8% in the 2nd quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock worth $7,533,000 after buying an additional 9,463 shares during the last quarter. Citadel Advisors LLC bought a new position in American Century Diversified Municipal Bond ETF during the 2nd quarter valued at about $556,000. Finally, Unique Wealth LLC lifted its stake in American Century Diversified Municipal Bond ETF by 24.2% during the 2nd quarter. Unique Wealth LLC now owns 7,310 shares of the company’s stock valued at $372,000 after acquiring an additional 1,424 shares during the period.

American Century Diversified Municipal Bond ETF Company Profile

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.