AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,390 shares, a drop of 80.4% from the September 30th total of 47,967 shares. Based on an average daily trading volume, of 1,403,847 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
AB Tax-Aware Intermediate Municipal ETF Stock Up 0.2%
TAFM stock opened at $24.61 on Tuesday. The business’s 50-day moving average price is $24.50 and its 200-day moving average price is $25.24. AB Tax-Aware Intermediate Municipal ETF has a twelve month low of $23.72 and a twelve month high of $25.93.
Institutional Investors Weigh In On AB Tax-Aware Intermediate Municipal ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAFM. Aletheian Wealth Advisors LLC bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the third quarter worth about $207,000. Leverty Financial Group LLC boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 217.1% in the 3rd quarter. Leverty Financial Group LLC now owns 238,217 shares of the company’s stock worth $5,715,000 after purchasing an additional 163,099 shares during the period. Envestnet Asset Management Inc. boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock worth $8,576,000 after purchasing an additional 52,703 shares during the period. NorthRock Partners LLC grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 211.8% during 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 in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 4.8% during 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.
About AB Tax-Aware Intermediate Municipal ETF
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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