AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Update

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFIGet Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 91,465 shares, a growth of 157.7% from the August 15th total of 35,486 shares. Based on an average daily volume of 533,341 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

AB Tax-Aware Short Duration Municipal ETF Stock Up 0.1%

Shares of TAFI opened at $24.86 on Friday. The business’s 50 day moving average is $25.07 and its two-hundred day moving average is $25.16. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.82 and a 52-week high of $25.65.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter worth about $93,000. Cary Street Partners Financial LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the 4th quarter worth approximately $601,000. Advisory Services Network LLC grew its position in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% in the 4th quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after acquiring an additional 14,889 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% in the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after acquiring an additional 140,114 shares during the last quarter.

About AB Tax-Aware Short Duration Municipal ETF

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The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.

Further Reading

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