AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Stock Short Interest Falls 92.6%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 145 shares, a drop of 92.6% from the September 30th total of 1,969 shares. Based on an average trading volume of 37,607 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On AB Tax-Aware Long Municipal ETF

A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in AB Tax-Aware Long Municipal ETF by 30.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock valued at $2,378,000 after purchasing an additional 21,829 shares during the last quarter. Heck Capital Advisors LLC lifted its position in AB Tax-Aware Long Municipal ETF by 0.6% during the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock valued at $3,497,000 after buying an additional 807 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in AB Tax-Aware Long Municipal ETF by 91.0% during the first quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after acquiring an additional 9,983 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Price Performance

NYSEARCA:TAFL traded up $0.13 during trading hours on Monday, reaching $24.04. The company’s stock had a trading volume of 5,287 shares, compared to its average volume of 17,101. The firm has a 50-day simple moving average of $23.96 and a 200-day simple moving average of $24.64. AB Tax-Aware Long Municipal ETF has a 1 year low of $23.04 and a 1 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.