AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Sees Large Drop in Short Interest

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 47,967 shares, a decline of 58.9% from the September 15th total of 116,845 shares. Based on an average daily volume of 438,404 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at $89,000. Aletheian Wealth Advisors LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter worth $207,000. PMG Wealth Management Inc. bought a new position in AB Tax-Aware Intermediate Municipal ETF during the 1st quarter worth about $468,000. NewEdge Advisors LLC increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 4.8% during the 2nd quarter. NewEdge Advisors LLC now owns 34,774 shares of the company’s stock worth $893,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 18.4% during the 1st quarter. Barnes Pettey Financial Advisors LLC now owns 37,369 shares of the company’s stock worth $945,000 after purchasing an additional 5,807 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Price Performance

NYSEARCA TAFM traded up $0.16 during trading hours on Tuesday, reaching $24.11. 810,719 shares of the company’s stock were exchanged, compared to its average volume of 254,784. The company’s 50-day moving average is $24.67 and its two-hundred day moving average is $25.16. AB Tax-Aware Intermediate Municipal ETF has a one year low of $23.72 and a one year high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Company Profile

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.