AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 12,962 shares, a decrease of 56.5% from the June 15th total of 29,791 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 189,612 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On AB Tax-Aware Intermediate Municipal ETF
Several hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 30.7% in the third quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock valued at $192,390,000 after purchasing an additional 1,777,968 shares during the period. LVW Advisors LLC boosted its holdings in shares of 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 acquiring an additional 38,423 shares during the period. LPL Financial LLC grew its position in shares of 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 purchasing an additional 146,268 shares during the last quarter. HighTower Advisors LLC grew its position in shares of AB Tax-Aware Intermediate Municipal ETF by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 555,602 shares of the company’s stock valued at $14,123,000 after purchasing an additional 5,009 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its stake in shares of 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 worth $11,264,000 after purchasing an additional 85,612 shares during the period.
AB Tax-Aware Intermediate Municipal ETF Stock Performance
Shares of TAFM traded down $0.02 during mid-day trading on Thursday, reaching $25.46. The company’s stock had a trading volume of 44,115 shares, compared to its average volume of 145,206. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.51 and a 1-year high of $25.93. The business has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $25.53.
About AB Tax-Aware Intermediate Municipal ETF
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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