Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Rises By 73.1%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 338,188 shares, a growth of 73.1% from the January 29th total of 195,331 shares. Based on an average trading volume of 397,151 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 397,151 shares, the short-interest ratio is presently 0.9 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:TAFI opened at $25.48 on Monday. The company has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $25.30. AB Tax-Aware Short Duration Municipal ETF has a twelve month low of $24.55 and a twelve month high of $25.52.

AB Tax-Aware Short Duration Municipal ETF Cuts Dividend

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

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

Several institutional investors have recently made changes to their positions in TAFI. United Community Bank bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter valued at $94,000. Cary Street Partners Financial LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the fourth quarter valued at about $601,000. Advisory Services Network LLC increased its position in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after buying an additional 14,889 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 55.7% in the second quarter. JPMorgan Chase & Co. now owns 696,961 shares of the company’s stock worth $17,501,000 after buying an additional 249,468 shares in the last quarter.

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.