American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF – Get Free Report) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 16,958 shares, a decrease of 75.1% from the September 30th total of 67,972 shares. Based on an average daily volume of 168,785 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
American Century Diversified Municipal Bond ETF Price Performance
NYSEARCA:TAXF traded up $0.16 during midday trading on Friday, hitting $48.78. The company’s stock had a trading volume of 43,831 shares, compared to its average volume of 75,498. The firm’s 50 day moving average is $48.40 and its 200-day moving average is $49.97. American Century Diversified Municipal Bond ETF has a fifty-two week low of $46.89 and a fifty-two week high of $51.42.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of American Century Diversified Municipal Bond ETF by 6.9% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 15,122 shares of the company’s stock worth $717,000 after acquiring an additional 982 shares during the period. ARQ Wealth Advisors LLC lifted its stake in shares of American Century Diversified Municipal Bond ETF by 108.0% during the third quarter. ARQ Wealth Advisors LLC now owns 136,207 shares of the company’s stock worth $6,454,000 after purchasing an additional 70,733 shares in the last quarter. IFP Advisors Inc increased its stake in shares of American Century Diversified Municipal Bond ETF by 4.3% in the third quarter. IFP Advisors Inc now owns 154,511 shares of the company’s stock worth $7,322,000 after buying an additional 6,330 shares during the last quarter. Clearview Wealth Management LLC grew its position in shares of American Century Diversified Municipal Bond ETF by 14.8% during the third quarter. Clearview Wealth Management LLC now owns 14,929 shares of the company’s stock worth $709,000 after acquiring an additional 1,928 shares during the last quarter. Finally, Goldstein Advisors LLC boosted its stake in American Century Diversified Municipal Bond ETF by 0.6% during the third quarter. Goldstein Advisors LLC now owns 439,195 shares of the company’s stock valued at $20,811,000 after buying an additional 2,726 shares in the last quarter.
About American Century Diversified Municipal Bond ETF
The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.
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