AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Up 84.0% in December

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,550 shares, a growth of 84.0% from the December 15th total of 1,929 shares. Based on an average daily volume of 21,892 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 21,892 shares, the days-to-cover ratio is currently 0.2 days.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of AB Tax-Aware Long Municipal ETF stock traded up $0.02 during mid-day trading on Thursday, hitting $25.17. 1,702 shares of the stock were exchanged, compared to its average volume of 13,830. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.40 and a twelve month high of $25.49. The company has a 50-day simple moving average of $25.09 and a 200 day simple moving average of $24.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Financial Insights Inc. purchased a new position in shares of AB Tax-Aware Long Municipal ETF during the 2nd quarter worth $247,000. Jane Street Group LLC boosted its stake in AB Tax-Aware Long Municipal ETF by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock worth $259,000 after buying an additional 565 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in AB Tax-Aware Long Municipal ETF in the 3rd quarter valued at about $274,000. Capital Investment Counsel Inc increased its stake in shares of AB Tax-Aware Long Municipal ETF by 78.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 25,000 shares of the company’s stock valued at $612,000 after acquiring an additional 11,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 33.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,495 shares of the company’s stock worth $1,299,000 after acquiring an additional 13,320 shares during the period.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.