AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 39,435 shares, a growth of 2,696.8% from the April 15th total of 1,410 shares. Based on an average daily trading volume, of 98,835 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.
AB Tax-Aware Intermediate Municipal ETF Stock Performance
TAFM traded down $0.03 on Wednesday, hitting $25.40. The company had a trading volume of 9,471 shares, compared to its average volume of 110,300. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.51 and a 52-week high of $25.93. The stock has a fifty day simple moving average of $25.46 and a 200-day simple moving average of $25.54.
Institutional Trading of AB Tax-Aware Intermediate Municipal ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the first quarter worth about $89,000. Comerica Bank purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth about $90,000. Osaic Holdings Inc. lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the second quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after buying an additional 3,205 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth about $200,000. Finally, Huntington National Bank purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth about $227,000.
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.
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