AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Shares Shorted: Short Interest Up 280.7% in October

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 35,749 shares, an increase of 280.7% from the October 15th total of 9,390 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 737,797 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Several large investors have recently added to or reduced their stakes in the business. NorthRock Partners LLC raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 211.8% in the 2nd quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock worth $99,500,000 after purchasing an additional 2,632,091 shares during the period. HighTower Advisors LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter worth approximately $17,305,000. Envestnet Asset Management Inc. raised its stake in AB Tax-Aware Intermediate Municipal ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock valued at $8,576,000 after purchasing an additional 52,703 shares in the last quarter. Leverty Financial Group LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 217.1% during the 3rd quarter. Leverty Financial Group LLC now owns 238,217 shares of the company’s stock valued at $5,715,000 after buying an additional 163,099 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at about $3,963,000.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA TAFM traded down $0.17 during midday trading on Thursday, hitting $24.77. 315,683 shares of the company’s stock traded hands, compared to its average volume of 302,534. AB Tax-Aware Intermediate Municipal ETF has a 1 year low of $23.72 and a 1 year high of $25.93. The firm has a fifty day moving average of $24.43 and a 200 day moving average of $25.19.

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.