AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Shares Shorted: Short Interest Up 1,379.6% in October

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 116,532 shares, a growth of 1,379.6% from the October 15th total of 7,876 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 611,557 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

An institutional investor recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. CoreCap Advisors LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,983 shares of the company’s stock, valued at approximately $270,000.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

AB Tax-Aware Short Duration Municipal ETF stock traded up $0.07 during midday trading on Tuesday, reaching $25.10. The company’s stock had a trading volume of 565,418 shares, compared to its average volume of 530,126. AB Tax-Aware Short Duration Municipal ETF has a 52 week low of $24.47 and a 52 week high of $25.65. The business has a 50-day moving average price of $24.80 and a 200-day moving average price of $25.10.

About AB Tax-Aware Short Duration Municipal ETF

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.