AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Sees Significant Drop in Short Interest

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 47,967 shares, a decrease of 58.9% from the September 15th total of 116,845 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 438,404 shares, the short-interest ratio is currently 0.1 days.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.2%

TAFM traded down $0.06 during trading on Wednesday, reaching $24.05. The company’s stock had a trading volume of 1,090,535 shares, compared to its average volume of 258,843. The firm has a fifty day simple moving average of $24.65 and a two-hundred day simple moving average of $25.16. AB Tax-Aware Intermediate Municipal ETF has a 1 year low of $23.72 and a 1 year high of $25.93.

Institutional Investors Weigh In On AB Tax-Aware Intermediate Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NorthRock Partners LLC grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 211.8% in the 2nd quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock valued at $99,500,000 after buying an additional 2,632,091 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock worth $8,576,000 after acquiring an additional 52,703 shares during the last quarter. Leverty Financial Group LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 217.1% in the 3rd quarter. Leverty Financial Group LLC now owns 238,217 shares of the company’s stock worth $5,715,000 after acquiring an additional 163,099 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter worth $2,568,000. Finally, Private Advisor Group LLC raised its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 19.3% during the 1st quarter. Private Advisor Group LLC now owns 73,148 shares of the company’s stock worth $1,850,000 after acquiring an additional 11,821 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.