Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Expands By 172.3%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 26,503 shares, a growth of 172.3% from the August 15th total of 9,734 shares. Based on an average trading volume of 45,590 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new position in American Century Diversified Municipal Bond ETF in the 1st quarter valued at $25,000. Advisory Services Network LLC purchased a new position in American Century Diversified Municipal Bond ETF during the 3rd quarter worth $103,000. Integrated Wealth Concepts LLC purchased a new position in American Century Diversified Municipal Bond ETF during the 2nd quarter worth $169,000. Barnes Wealth Management Group Inc lifted its stake in shares of American Century Diversified Municipal Bond ETF by 5.6% in the 4th quarter. Barnes Wealth Management Group Inc now owns 4,383 shares of the company’s stock worth $221,000 after acquiring an additional 233 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of American Century Diversified Municipal Bond ETF in the 3rd quarter worth $232,000.

American Century Diversified Municipal Bond ETF Trading Up 0.4%

Shares of TAXF stock opened at $48.63 on Friday. The business’s 50 day moving average is $49.90 and its two-hundred day moving average is $50.29. American Century Diversified Municipal Bond ETF has a twelve month low of $48.41 and a twelve month high of $51.42.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.