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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 116,532 shares, a growth of 1,379.6% from the October 15th total of 7,876 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 611,557 shares, the days-to-cover ratio is presently 0.2 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

TAFI stock traded down $0.06 during trading hours on Thursday, hitting $24.94. The company’s stock had a trading volume of 84,286 shares, compared to its average volume of 532,206. The stock has a 50 day moving average price of $24.80 and a two-hundred day moving average price of $25.10. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.47 and a 12 month high of $25.65.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

A hedge fund recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. CoreCap Advisors LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,983 shares of the company’s stock, valued at approximately $270,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.