AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Down 56.5% in June

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 12,962 shares, a drop of 56.5% from the June 15th total of 29,791 shares. Based on an average daily volume of 189,612 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA:TAFM traded down $0.04 during trading on Wednesday, reaching $25.48. The company had a trading volume of 298,530 shares, compared to its average volume of 145,983. The company has a fifty day moving average of $25.49 and a two-hundred day moving average of $25.53. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.51 and a 12 month high of $25.93.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 30.7% during the 3rd quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock valued at $192,390,000 after purchasing an additional 1,777,968 shares during the period. JPMorgan Chase & Co. boosted its holdings in AB Tax-Aware Intermediate Municipal ETF by 2,008.3% in the 4th quarter. JPMorgan Chase & Co. now owns 288,885 shares of the company’s stock worth $7,343,000 after buying an additional 275,183 shares during the period. LPL Financial LLC increased its stake in AB Tax-Aware Intermediate Municipal ETF by 23.5% in the 4th quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock worth $19,530,000 after buying an additional 146,268 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in AB Tax-Aware Intermediate Municipal ETF by 1,634.2% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 141,161 shares of the company’s stock worth $3,588,000 after buying an additional 133,021 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 1,257.2% during the first quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock valued at $3,428,000 after acquiring an additional 126,172 shares during the period.

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.