AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Shares Shorted: Short Interest Down 69.2% in September

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 50,393 shares, a drop of 69.2% from the September 15th total of 163,697 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 793,848 shares, the short-interest ratio is currently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Stock Down 0.0%

Shares of TAFI stock traded down $0.01 during midday trading on Monday, reaching $24.61. 369,367 shares of the company were exchanged, compared to its average volume of 499,647. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.47 and a 12 month high of $25.65. The company’s 50 day moving average price is $24.89 and its two-hundred day moving average price is $25.07.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TAFI. Princeton Global Asset Management LLC bought a new stake in AB Tax-Aware Short Duration Municipal ETF during the first quarter worth approximately $93,000. Farther Finance Advisors LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter valued at $130,000. Finally, CoreCap Advisors LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter valued at $270,000.

About AB Tax-Aware Short Duration Municipal ETF

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.