AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Drop in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 195,331 shares, a decrease of 27.6% from the January 15th total of 269,636 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 335,951 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 335,951 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TAFI. United Community Bank purchased a new stake in AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter worth about $94,000. Cary Street Partners Financial LLC purchased a new position in AB Tax-Aware Short Duration Municipal ETF during the 4th quarter valued at about $601,000. Finally, JPMorgan Chase & Co. increased its position in shares of AB Tax-Aware Short Duration Municipal ETF by 55.7% during the second quarter. JPMorgan Chase & Co. now owns 696,961 shares of the company’s stock valued at $17,501,000 after buying an additional 249,468 shares during the period.

AB Tax-Aware Short Duration Municipal ETF Price Performance

TAFI stock opened at $25.43 on Friday. The stock’s fifty day simple moving average is $25.30 and its two-hundred day simple moving average is $25.27. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.45.

AB Tax-Aware Short Duration Municipal ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0624 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 2.9%.

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.