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

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 7,329 shares, a decline of 61.5% from the July 15th total of 19,033 shares. Based on an average daily trading volume, of 40,652 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TAXF. CWM LLC increased its position in American Century Diversified Municipal Bond ETF by 3.8% during the fourth quarter. CWM LLC now owns 1,389,743 shares of the company’s stock worth $70,015,000 after buying an additional 51,206 shares in the last quarter. LPL Financial LLC boosted its stake in shares of American Century Diversified Municipal Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 649,182 shares of the company’s stock valued at $32,706,000 after acquiring an additional 28,876 shares during the last quarter. CX Institutional increased its position in American Century Diversified Municipal Bond ETF by 5.1% during the 2nd quarter. CX Institutional now owns 428,304 shares of the company’s stock worth $21,773,000 after purchasing an additional 20,819 shares in the last quarter. Goldstein Advisors LLC raised its stake in American Century Diversified Municipal Bond ETF by 3.6% in the 4th quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock valued at $20,762,000 after purchasing an additional 14,382 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 926.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock valued at $19,280,000 after purchasing an additional 355,659 shares in the last quarter.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA:TAXF traded down $0.11 during mid-day trading on Friday, hitting $50.08. 27,365 shares of the company’s stock traded hands, compared to its average volume of 50,686. The firm’s 50 day simple moving average is $50.40 and its 200 day simple moving average is $50.50. American Century Diversified Municipal Bond ETF has a 1 year low of $48.71 and a 1 year high of $51.42.

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.