Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Increases By 49.0%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 112,230 shares, an increase of 49.0% from the November 30th total of 75,341 shares. Based on an average daily volume of 248,510 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 248,510 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

An institutional investor recently raised its position in AB Tax-Aware Short Duration Municipal ETF stock. JPMorgan Chase & Co. increased its stake in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) by 55.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,961 shares of the company’s stock after purchasing an additional 249,468 shares during the period. JPMorgan Chase & Co. owned 2.09% of AB Tax-Aware Short Duration Municipal ETF worth $17,501,000 as of its most recent SEC filing.

AB Tax-Aware Short Duration Municipal ETF Stock Up 0.1%

TAFI stock traded up $0.02 during midday trading on Monday, reaching $25.28. 117,642 shares of the company were exchanged, compared to its average volume of 228,228. The stock’s 50-day simple moving average is $25.26 and its 200 day simple moving average is $25.22. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.42.

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.