AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 35,486 shares, a decline of 33.5% from the July 30th total of 53,386 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 385,283 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC acquired a new stake in AB Tax-Aware Short Duration Municipal ETF in the fourth quarter valued at approximately $601,000. JPMorgan Chase & Co. increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% during the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock worth $22,392,000 after buying an additional 140,114 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after buying an additional 14,889 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the 1st quarter valued at $93,000.
AB Tax-Aware Short Duration Municipal ETF Stock Down 0.4%
Shares of TAFI stock traded down $0.10 on Tuesday, reaching $24.98. The company had a trading volume of 764,815 shares, compared to its average volume of 430,071. The business’s 50-day moving average is $25.12 and its 200 day moving average is $25.19. AB Tax-Aware Short Duration Municipal ETF has a one year low of $24.96 and a one year high of $25.65.
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. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.
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