AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 7,876 shares, a decline of 84.4% from the September 30th total of 50,393 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,311,063 shares, the short-interest ratio is currently 0.0 days.
AB Tax-Aware Short Duration Municipal ETF Price Performance
NYSEARCA:TAFI traded up $0.01 during mid-day trading on Tuesday, hitting $24.91. 12,927 shares of the company’s stock traded hands, compared to its average volume of 511,843. The firm has a 50 day moving average of $24.83 and a two-hundred day moving average of $25.12. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.47 and a 12 month high of $25.65.
Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF
Several hedge funds have recently modified their holdings of TAFI. Princeton Global Asset Management LLC acquired a new stake in AB Tax-Aware Short Duration Municipal ETF during the 1st quarter worth approximately $93,000. Farther Finance Advisors LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter worth $130,000. Finally, CoreCap Advisors LLC bought a new stake in AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter valued at about $270,000.
About AB Tax-Aware Short Duration Municipal ETF
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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