AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 53,386 shares, an increase of 82.0% from the July 15th total of 29,329 shares. Based on an average daily volume of 311,442 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
AB Tax-Aware Short Duration Municipal ETF Price Performance
NYSEARCA:TAFI traded down $0.03 during trading hours on Tuesday, reaching $25.05. The company’s stock had a trading volume of 18,187 shares, compared to its average volume of 419,342. The firm has a 50-day simple moving average of $25.14 and a 200-day simple moving average of $25.21. AB Tax-Aware Short Duration Municipal ETF has a 1 year low of $24.99 and a 1 year high of $25.65.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Princeton Global Asset Management LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the 1st quarter worth approximately $93,000. Advisory Services Network LLC lifted its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after purchasing an additional 14,889 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the 4th quarter valued at about $601,000. Finally, JPMorgan Chase & Co. grew its position in AB Tax-Aware Short Duration Municipal ETF by 18.7% in the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock worth $22,392,000 after purchasing an additional 140,114 shares during the period.
AB Tax-Aware Short Duration Municipal ETF Company Profile
The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.
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