AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,062 shares, a drop of 92.9% from the August 15th total of 85,880 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 13,004 shares, the days-to-cover ratio is presently 0.5 days.
AB Tax-Aware Long Municipal ETF Stock Performance
Shares of TAFL stock traded down $0.26 during trading hours on Thursday, reaching $24.00. The company had a trading volume of 14,631 shares, compared to its average volume of 14,754. The business has a fifty day moving average price of $24.79 and a 200-day moving average price of $24.95. AB Tax-Aware Long Municipal ETF has a one year low of $23.97 and a one year high of $25.55.
Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF
A number of large investors have recently added to or reduced their stakes in TAFL. HighTower Advisors LLC purchased a new stake in AB Tax-Aware Long Municipal ETF during the 4th quarter valued at $3,952,000. Osaic Holdings Inc. lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% during the 4th quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock valued at $2,026,000 after buying an additional 80,036 shares during the period. Jane Street Group LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth $1,137,000. Alliancebernstein L.P. boosted its stake in shares of AB Tax-Aware Long Municipal ETF by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock worth $19,019,000 after buying an additional 23,351 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after buying an additional 9,983 shares during the last quarter.
AB Tax-Aware Long Municipal ETF Company Profile
The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.
Further Reading
- Five stocks we like better than AB Tax-Aware Long Municipal ETF
- AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
- Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
- 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
- Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle
Receive News & Ratings for AB Tax-Aware Long Municipal ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Tax-Aware Long Municipal ETF and related companies with MarketBeat.com's FREE daily email newsletter.
