AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,390 shares, a drop of 80.4% from the September 30th total of 47,967 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,403,847 shares, the short-interest ratio is currently 0.0 days.
AB Tax-Aware Intermediate Municipal ETF Stock Up 0.1%
AB Tax-Aware Intermediate Municipal ETF stock traded up $0.02 during midday trading on Thursday, hitting $24.66. 913,514 shares of the stock were exchanged, compared to its average volume of 284,913. The company has a fifty day simple moving average of $24.48 and a two-hundred day simple moving average of $25.23. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $23.72 and a 52 week high of $25.93.
Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Aletheian Wealth Advisors LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at $207,000. Leverty Financial Group LLC raised its stake in AB Tax-Aware Intermediate Municipal ETF by 217.1% during the 3rd quarter. Leverty Financial Group LLC now owns 238,217 shares of the company’s stock worth $5,715,000 after buying an additional 163,099 shares during the period. Envestnet Asset Management Inc. raised its stake in AB Tax-Aware Intermediate Municipal ETF by 18.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock worth $8,576,000 after buying an additional 52,703 shares during the period. NorthRock Partners LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 211.8% during the second quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock worth $99,500,000 after acquiring an additional 2,632,091 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 4.8% during the second quarter. NewEdge Advisors LLC now owns 34,774 shares of the company’s stock worth $893,000 after acquiring an additional 1,595 shares in the last quarter.
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.
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