American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Short Interest Update

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 15,344 shares, a decline of 50.0% from the May 31st total of 30,669 shares. Based on an average daily volume of 36,429 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. increased its stake in American Century Diversified Municipal Bond ETF by 10.0% in the 1st quarter. FAS Wealth Partners Inc. now owns 96,934 shares of the company’s stock valued at $4,852,000 after buying an additional 8,801 shares during the period. NewEdge Advisors LLC increased its stake in shares of American Century Diversified Municipal Bond ETF by 93.9% in the first quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock worth $5,354,000 after acquiring an additional 51,799 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of American Century Diversified Municipal Bond ETF in the first quarter worth $25,000. Royal Bank of Canada raised its holdings in shares of American Century Diversified Municipal Bond ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 40,468 shares of the company’s stock worth $2,025,000 after acquiring an additional 3,441 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of American Century Diversified Municipal Bond ETF by 10.1% during the first quarter. PNC Financial Services Group Inc. now owns 24,152 shares of the company’s stock worth $1,209,000 after acquiring an additional 2,209 shares in the last quarter.

American Century Diversified Municipal Bond ETF Stock Down 0.1%

NYSEARCA:TAXF traded down $0.05 during trading hours on Tuesday, hitting $50.85. 2,675 shares of the company’s stock traded hands, compared to its average volume of 52,139. American Century Diversified Municipal Bond ETF has a twelve month low of $48.34 and a twelve month high of $51.42. The stock’s fifty day moving average price is $50.49 and its two-hundred day moving average price is $50.55.

About American Century Diversified Municipal Bond ETF

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.