American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 55,824 shares, an increase of 110.6% from the August 31st total of 26,503 shares. Based on an average daily trading volume, of 63,401 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are short sold.
American Century Diversified Municipal Bond ETF Price Performance
NYSEARCA TAXF traded down $0.27 during mid-day trading on Tuesday, reaching $46.98. The stock had a trading volume of 189,337 shares, compared to its average volume of 56,679. American Century Diversified Municipal Bond ETF has a 1 year low of $46.91 and a 1 year high of $51.42. The company has a fifty day moving average price of $49.38 and a 200 day moving average price of $50.06.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in shares of American Century Diversified Municipal Bond ETF during the first quarter valued at $25,000. Integrated Wealth Concepts LLC purchased a new position in American Century Diversified Municipal Bond ETF in the 2nd quarter worth about $169,000. Barnes Wealth Management Group Inc raised its position in American Century Diversified Municipal Bond ETF by 5.6% in the 4th quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock worth $221,000 after buying an additional 233 shares during the last quarter. Nwam LLC bought a new position in American Century Diversified Municipal Bond ETF during the 2nd quarter valued at about $259,000. Finally, Unique Wealth LLC bought a new position in American Century Diversified Municipal Bond ETF during the 1st quarter valued at about $295,000.
About American Century Diversified Municipal Bond ETF
The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.
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