AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Large Increase in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 85,880 shares, a growth of 377.1% from the July 30th total of 18,001 shares. Based on an average daily volume of 36,172 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.4% of the company’s shares are sold short.

AB Tax-Aware Long Municipal ETF Trading Down 0.1%

NYSEARCA TAFL traded down $0.03 during mid-day trading on Wednesday, hitting $24.72. The company’s stock had a trading volume of 1,287 shares, compared to its average volume of 14,986. AB Tax-Aware Long Municipal ETF has a 52-week low of $23.97 and a 52-week high of $25.55. The stock’s fifty day simple moving average is $24.98 and its two-hundred day simple moving average is $25.01.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in shares of AB Tax-Aware Long Municipal ETF by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after acquiring an additional 565 shares during the period. Alliancebernstein L.P. boosted its position in AB Tax-Aware Long Municipal ETF by 3.2% during the 3rd quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock worth $19,019,000 after purchasing an additional 23,351 shares during the period. HighTower Advisors LLC purchased a new stake in AB Tax-Aware Long Municipal ETF during the 4th quarter worth $3,952,000. Commonwealth Equity Services LLC increased its holdings in AB Tax-Aware Long Municipal ETF by 46.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in AB Tax-Aware Long Municipal ETF in the 4th quarter valued at $70,000.

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.