AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 7,876 shares, a decrease of 84.4% from the September 30th total of 50,393 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,311,063 shares, the short-interest ratio is presently 0.0 days.
AB Tax-Aware Short Duration Municipal ETF Stock Performance
TAFI stock traded up $0.01 during midday trading on Thursday, reaching $24.93. 795,220 shares of the company’s stock traded hands, compared to its average volume of 515,782. AB Tax-Aware Short Duration Municipal ETF has a 52 week low of $24.47 and a 52 week high of $25.65. The firm’s fifty day moving average price is $24.82 and its 200-day moving average price is $25.12.
Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF
Institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF in the third quarter worth $270,000. Farther Finance Advisors LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter worth approximately $130,000. Finally, Princeton Global Asset Management LLC bought a new stake in AB Tax-Aware Short Duration Municipal ETF during the 1st quarter valued at $93,000.
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.
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