AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 25,188 shares, a growth of 107.7% from the April 30th total of 12,128 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily volume of 9,254 shares, the days-to-cover ratio is currently 2.7 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TAFL. Kestra Advisory Services LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF during the 4th quarter valued at $70,000. Jane Street Group LLC raised its holdings in shares of AB Tax-Aware Long Municipal ETF by 5.7% during the 2nd quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after purchasing an additional 565 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at $274,000. Commonwealth Equity Services LLC raised its holdings in shares of AB Tax-Aware Long Municipal ETF by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Capital Investment Counsel Inc raised its holdings in shares of AB Tax-Aware Long Municipal ETF by 21.2% during the 4th quarter. Capital Investment Counsel Inc now owns 40,000 shares of the company’s stock valued at $1,000,000 after purchasing an additional 7,000 shares in the last quarter.
AB Tax-Aware Long Municipal ETF Stock Up 0.5%
Shares of AB Tax-Aware Long Municipal ETF stock traded up $0.12 during midday trading on Tuesday, reaching $25.10. 1,899 shares of the company’s stock traded hands, compared to its average volume of 16,100. The company’s 50 day simple moving average is $24.93 and its 200 day simple moving average is $25.05. AB Tax-Aware Long Municipal ETF has a 52 week low of $23.84 and a 52 week high of $25.55.
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.
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