Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Rises By 90.2%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,345 shares, an increase of 90.2% from the January 29th total of 6,491 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 141,805 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 141,805 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.1%

NYSEARCA:TAFM traded up $0.02 during trading hours on Friday, hitting $25.92. 111,884 shares of the company were exchanged, compared to its average volume of 100,520. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.04 and a one year high of $25.93. The company has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $25.44.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0774 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 30.7% in the 3rd quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock worth $192,390,000 after purchasing an additional 1,777,968 shares during the period. LVW Advisors LLC raised its stake in AB Tax-Aware Intermediate Municipal ETF by 4.0% during the fourth quarter. LVW Advisors LLC now owns 1,005,869 shares of the company’s stock worth $25,569,000 after buying an additional 38,423 shares during the last quarter. LPL Financial LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 23.5% in the fourth quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock valued at $19,530,000 after buying an additional 146,268 shares during the period. HighTower Advisors LLC boosted its position in AB Tax-Aware Intermediate Municipal ETF by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 555,602 shares of the company’s stock valued at $14,123,000 after acquiring an additional 5,009 shares during the last quarter. Finally, FSM Wealth Advisors LLC boosted its position in AB Tax-Aware Intermediate Municipal ETF by 23.9% during the fourth quarter. FSM Wealth Advisors LLC now owns 443,104 shares of the company’s stock valued at $11,264,000 after acquiring an additional 85,612 shares during 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.