Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Declines By 20.5%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 24,071 shares, a decrease of 20.5% from the January 15th total of 30,285 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 30,836 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 30,836 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of AB Tax-Aware Long Municipal ETF by 176.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 60,455 shares of the company’s stock worth $1,481,000 after buying an additional 38,561 shares during the last quarter. Capital Investment Counsel Inc raised its holdings in AB Tax-Aware Long Municipal ETF by 78.6% in 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 period. Advisory Resource Group acquired a new stake in AB Tax-Aware Long Municipal ETF during the second quarter worth approximately $1,790,000. Jane Street Group LLC lifted its position in AB Tax-Aware Long Municipal ETF by 5.7% during the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock worth $259,000 after acquiring an additional 565 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of AB Tax-Aware Long Municipal ETF during the third quarter worth approximately $2,102,000.

AB Tax-Aware Long Municipal ETF Stock Performance

Shares of TAFL traded up $0.02 during midday trading on Friday, reaching $25.20. The stock had a trading volume of 865 shares, compared to its average volume of 19,582. The firm has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $24.91. AB Tax-Aware Long Municipal ETF has a one year low of $23.40 and a one year high of $25.49.

AB Tax-Aware Long Municipal ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0837 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd.

AB Tax-Aware Long Municipal ETF Company Profile

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.