Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Increases By 1,203.8%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 67,405 shares, an increase of 1,203.8% from the July 30th total of 5,170 shares. Based on an average daily volume of 295,308 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA TAFM traded up $0.05 during midday trading on Tuesday, hitting $25.15. 283,177 shares of the company traded hands, compared to its average volume of 164,967. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.62 and a 12-month high of $25.93. The stock has a 50-day moving average price of $25.37 and a 200 day moving average price of $25.46.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TAFM. Truist Financial Corp boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 21.9% during the fourth quarter. Truist Financial Corp now owns 277,440 shares of the company’s stock valued at $7,053,000 after purchasing an additional 49,930 shares in the last quarter. Comerica Bank purchased a new position in AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at $90,000. Concurrent Investment Advisors LLC lifted its position in AB Tax-Aware Intermediate Municipal ETF by 23.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 80,187 shares of the company’s stock valued at $2,038,000 after buying an additional 15,086 shares during the period. Barnes Pettey Financial Advisors LLC bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at $802,000. Finally, Fifth Third Bancorp purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter worth about $89,000.

About AB Tax-Aware Intermediate Municipal ETF

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.