Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Expands By 198.8%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 127,195 shares, a growth of 198.8% from the November 30th total of 42,574 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the company are sold short.

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

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in 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. NorthRock Partners LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF in the 2nd quarter valued at $35,194,000. LVW Advisors LLC raised its position in AB Tax-Aware Intermediate Municipal ETF by 10.0% during the third quarter. LVW Advisors LLC now owns 967,446 shares of the company’s stock worth $24,592,000 after acquiring an additional 88,135 shares during the period. HighTower Advisors LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 1.1% during the third quarter. HighTower Advisors LLC now owns 550,593 shares of the company’s stock valued at $13,996,000 after purchasing an additional 5,838 shares in the last quarter. Finally, FSM Wealth Advisors LLC lifted its holdings in AB Tax-Aware Intermediate Municipal ETF by 21.7% during the third quarter. FSM Wealth Advisors LLC now owns 357,492 shares of the company’s stock valued at $9,087,000 after purchasing an additional 63,681 shares in the last quarter.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.0%

AB Tax-Aware Intermediate Municipal ETF stock traded up $0.01 during midday trading on Friday, hitting $25.50. 150,209 shares of the company were exchanged, compared to its average volume of 88,707. AB Tax-Aware Intermediate Municipal ETF has a fifty-two week low of $24.04 and a fifty-two week high of $25.85. The business has a fifty day simple moving average of $25.53 and a two-hundred day simple moving average of $25.16.

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.