AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Down 57.5% in May

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 16,767 shares, a decline of 57.5% from the April 30th total of 39,435 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 139,372 shares, the days-to-cover ratio is currently 0.1 days.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.3%

Shares of TAFM traded down $0.08 during midday trading on Monday, reaching $25.48. 114,901 shares of the company were exchanged, compared to its average volume of 134,540. The stock has a 50-day moving average price of $25.39 and a 200-day moving average price of $25.51. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.51 and a 1-year high of $25.93.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. FSM Wealth Advisors LLC lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 23.9% in the fourth quarter. FSM Wealth Advisors LLC now owns 443,104 shares of the company’s stock worth $11,264,000 after acquiring an additional 85,612 shares in the last quarter. Alliancebernstein L.P. lifted its stake 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 worth $192,390,000 after acquiring an additional 1,777,968 shares in the last quarter. Truist Financial Corp lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 21.9% in the fourth quarter. Truist Financial Corp now owns 277,440 shares of the company’s stock worth $7,053,000 after acquiring an additional 49,930 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 200.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 37,305 shares of the company’s stock worth $948,000 after acquiring an additional 24,880 shares in the last quarter. Finally, LVW Advisors LLC lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.0% in 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 in the last quarter.

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.