Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Expands By 198.8%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 127,195 shares, a growth of 198.8% from the November 30th total of 42,574 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the company’s stock are sold short.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.1%

Shares of NYSEARCA:TAFM traded up $0.02 during trading on Friday, hitting $25.51. 2,398 shares of the company were exchanged, compared to its average volume of 88,108. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.04 and a 12-month high of $25.85. The firm’s 50 day moving average price is $25.53 and its 200-day moving average price is $25.15.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

Several hedge funds have recently made changes to their positions in TAFM. Truist Financial Corp grew its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1,272.5% in the 2nd quarter. Truist Financial Corp now owns 243,359 shares of the company’s stock valued at $6,065,000 after purchasing an additional 225,628 shares during the last quarter. Americana Partners LLC raised its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 9.7% during the second quarter. Americana Partners LLC now owns 152,710 shares of the company’s stock worth $3,806,000 after purchasing an additional 13,528 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 153.6% during the second quarter. Beacon Pointe Advisors LLC now owns 58,440 shares of the company’s stock worth $1,456,000 after purchasing an additional 35,393 shares during the period. Concurrent Investment Advisors LLC purchased a new position in AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter valued at $1,278,000. Finally, Integrated Wealth Concepts LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at $2,059,000.

AB Tax-Aware Intermediate Municipal ETF Company Profile

The AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.