AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Update

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 95,216 shares, a drop of 71.8% from the February 12th total of 338,188 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 325,834 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 325,834 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

AB Tax-Aware Short Duration Municipal ETF Stock Down 0.0%

NYSEARCA:TAFI traded down $0.01 on Wednesday, reaching $25.30. The company’s stock had a trading volume of 93,992 shares, compared to its average volume of 347,855. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.52. The business’s 50-day moving average price is $25.35 and its two-hundred day moving average price is $25.30.

AB Tax-Aware Short Duration Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0626 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from AB Tax-Aware Short Duration Municipal ETF’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

Institutional investors have recently modified their holdings of the business. United Community Bank bought a new position in AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter valued at about $94,000. Cary Street Partners Financial LLC acquired a new position in AB Tax-Aware Short Duration Municipal ETF during the fourth quarter valued at approximately $601,000. Advisory Services Network LLC lifted its stake in AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after purchasing an additional 14,889 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in AB Tax-Aware Short Duration Municipal ETF by 55.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 696,961 shares of the company’s stock worth $17,501,000 after purchasing an additional 249,468 shares in the last quarter.

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.