AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Update

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 53,386 shares, an increase of 82.0% from the July 15th total of 29,329 shares. Based on an average daily volume of 311,442 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

AB Tax-Aware Short Duration Municipal ETF Trading Up 0.0%

Shares of AB Tax-Aware Short Duration Municipal ETF stock traded up $0.01 during trading hours on Friday, hitting $25.09. The company had a trading volume of 175,267 shares, compared to its average volume of 420,587. The company’s 50-day moving average is $25.14 and its two-hundred day moving average is $25.21. AB Tax-Aware Short Duration Municipal ETF has a twelve month low of $24.99 and a twelve month high of $25.65.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TAFI. JPMorgan Chase & Co. boosted its stake in AB Tax-Aware Short Duration Municipal ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after acquiring an additional 140,114 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the fourth quarter worth about $601,000. Advisory Services Network LLC increased its position 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 worth $2,065,000 after purchasing an additional 14,889 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF in the 1st quarter valued at about $93,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

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.