AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 15,163 shares, a drop of 60.0% from the March 31st total of 37,901 shares. Based on an average daily trading volume, of 22,278 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of TAFL. HighTower Advisors LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter worth $3,952,000. Heck Capital Advisors LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth $2,102,000. Osaic Holdings Inc. grew its stake in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% in the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock worth $2,026,000 after purchasing an additional 80,036 shares in the last quarter. Jane Street Group LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter worth $1,137,000. Finally, Alliancebernstein L.P. grew its stake in shares of AB Tax-Aware Long Municipal ETF by 3.2% in the third quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock worth $19,019,000 after purchasing an additional 23,351 shares in the last quarter.
AB Tax-Aware Long Municipal ETF Price Performance
NYSEARCA TAFL remained flat at $25.15 during trading hours on Monday. The company’s stock had a trading volume of 1,337 shares, compared to its average volume of 14,679. AB Tax-Aware Long Municipal ETF has a 1 year low of $23.84 and a 1 year high of $25.55. The business has a fifty day moving average of $25.03 and a two-hundred day moving average of $25.10.
AB Tax-Aware Long Municipal ETF Company Profile
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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