AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 145 shares, a decrease of 92.6% from the September 30th total of 1,969 shares. Based on an average trading volume of 37,607 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
AB Tax-Aware Long Municipal ETF Stock Performance
NYSEARCA:TAFL traded up $0.13 during trading hours on Monday, reaching $24.04. The stock had a trading volume of 5,287 shares, compared to its average volume of 17,101. The stock has a 50 day simple moving average of $23.96 and a 200 day simple moving average of $24.64. AB Tax-Aware Long Municipal ETF has a 12-month low of $23.04 and a 12-month high of $25.55.
Institutional Trading of AB Tax-Aware Long Municipal ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in TAFL. Envestnet Asset Management Inc. boosted its holdings in AB Tax-Aware Long Municipal ETF by 30.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock valued at $2,378,000 after purchasing an additional 21,829 shares during the period. Heck Capital Advisors LLC grew its holdings in shares of AB Tax-Aware Long Municipal ETF by 0.6% during the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock worth $3,497,000 after purchasing an additional 807 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after buying an additional 9,983 shares during the last quarter.
About AB Tax-Aware Long Municipal ETF
The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.
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