AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 116,845 shares, an increase of 3,219.5% from the August 31st total of 3,520 shares. Based on an average daily trading volume, of 387,756 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.
Institutional Trading of AB Tax-Aware Intermediate Municipal ETF
Several large investors have recently modified their holdings of TAFM. Envestnet Asset Management Inc. raised its stake in AB Tax-Aware Intermediate Municipal ETF by 18.7% in 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. NorthRock Partners LLC increased 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 valued at $99,500,000 after buying an additional 2,632,091 shares during the period. NewEdge Advisors LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 4.8% in the 2nd quarter. NewEdge Advisors LLC now owns 34,774 shares of the company’s stock valued at $893,000 after buying an additional 1,595 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter worth approximately $2,568,000. Finally, Leverty Financial Group LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 33.7% during the 2nd quarter. Leverty Financial Group LLC now owns 75,118 shares of the company’s stock worth $1,929,000 after acquiring an additional 18,936 shares during the period.
AB Tax-Aware Intermediate Municipal ETF Trading Down 0.5%
NYSEARCA:TAFM traded down $0.12 during trading hours on Thursday, reaching $24.20. 211,286 shares of the company were exchanged, compared to its average volume of 181,586. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.15 and a 1-year high of $25.93. The business has a 50 day moving average of $25.00 and a 200 day moving average of $25.30.
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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