AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 145 shares, a decline of 92.6% from the September 30th total of 1,969 shares. Based on an average trading volume of 37,607 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
AB Tax-Aware Long Municipal ETF Stock Down 0.5%
Shares of NYSEARCA:TAFL traded down $0.12 during midday trading on Wednesday, reaching $23.90. The company’s stock had a trading volume of 15,610 shares, compared to its average volume of 17,040. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.04 and a twelve month high of $25.55. The stock has a fifty day moving average of $23.94 and a 200 day moving average of $24.76.
Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF
Several hedge funds have recently added to or reduced their stakes in TAFL. Envestnet Asset Management Inc. raised its stake in shares of AB Tax-Aware Long Municipal ETF by 30.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock valued at $2,378,000 after buying an additional 21,829 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock valued at $521,000 after buying an additional 9,983 shares during the period. Finally, Heck Capital Advisors LLC boosted its stake in shares of AB Tax-Aware Long Municipal ETF by 0.6% in the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock worth $3,497,000 after buying an additional 807 shares during the last quarter.
About AB Tax-Aware Long Municipal ETF
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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