AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Decline in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 50,393 shares, a drop of 69.2% from the September 15th total of 163,697 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 793,848 shares, the short-interest ratio is currently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Trading Up 0.2%

Shares of NYSEARCA:TAFI opened at $24.64 on Wednesday. The firm’s fifty day moving average is $24.87 and its 200-day moving average is $25.06. AB Tax-Aware Short Duration Municipal ETF has a 52 week low of $24.47 and a 52 week high of $25.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TAFI. CoreCap Advisors LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter valued at about $270,000. Farther Finance Advisors LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the third quarter worth about $130,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter worth 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.