AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Down 77.3% in May

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 22,000 shares, a decrease of 77.3% from the May 15th total of 97,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 224,000 shares, the days-to-cover ratio is presently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

AB Tax-Aware Short Duration Municipal ETF stock opened at $25.03 on Thursday. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.34. The stock’s fifty day moving average is $24.92 and its two-hundred day moving average is $25.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AB Tax-Aware Short Duration Municipal ETF stock. JPMorgan Chase & Co. increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) by 525.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,553 shares of the company’s stock after purchasing an additional 420,553 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.54% of AB Tax-Aware Short Duration Municipal ETF worth $12,489,000 at the end of the most recent quarter.

About AB Tax-Aware Short Duration Municipal ETF

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.