Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Decreases By 33.5%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 35,486 shares, a decline of 33.5% from the July 30th total of 53,386 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 385,283 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the 4th quarter worth about $601,000. JPMorgan Chase & Co. boosted its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% during the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after purchasing an additional 140,114 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after purchasing an additional 14,889 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at approximately $93,000.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of TAFI stock remained flat at $24.98 during mid-day trading on Wednesday. The company’s stock had a trading volume of 20,536 shares, compared to its average volume of 427,565. AB Tax-Aware Short Duration Municipal ETF has a twelve month low of $24.96 and a twelve month high of $25.65. The stock has a 50-day moving average of $25.11 and a 200-day moving average of $25.19.

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.