AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Sees Significant Increase in Short Interest

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 39,435 shares, a growth of 2,696.8% from the April 15th total of 1,410 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 98,835 shares, the short-interest ratio is presently 0.4 days.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.0%

TAFM stock traded up $0.01 during trading hours on Monday, hitting $25.48. 230,713 shares of the stock were exchanged, compared to its average volume of 111,314. The company has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $25.54. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.51 and a 12 month high of $25.93.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 30.7% in the third quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock valued at $192,390,000 after buying an additional 1,777,968 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 2,008.3% in the fourth quarter. JPMorgan Chase & Co. now owns 288,885 shares of the company’s stock valued at $7,343,000 after buying an additional 275,183 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the third quarter valued at approximately $4,394,000. LPL Financial LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 23.5% in the fourth quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock valued at $19,530,000 after buying an additional 146,268 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1,634.2% in the third quarter. Ausdal Financial Partners Inc. now owns 141,161 shares of the company’s stock valued at $3,588,000 after buying an additional 133,021 shares in the last quarter.

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.