American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Decline in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 7,881 shares, a decrease of 41.9% from the February 12th total of 13,560 shares. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.3 days.

American Century Diversified Municipal Bond ETF Stock Performance

Shares of NYSEARCA:TAXF traded down $0.11 during trading on Thursday, hitting $50.45. The company’s stock had a trading volume of 37,035 shares, compared to its average volume of 45,179. American Century Diversified Municipal Bond ETF has a fifty-two week low of $46.58 and a fifty-two week high of $51.42. The business has a 50 day moving average price of $50.85 and a two-hundred day moving average price of $50.46.

American Century Diversified Municipal Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were given a $0.193 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is an increase from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14.

Institutional Trading of American Century Diversified Municipal Bond ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in American Century Diversified Municipal Bond ETF by 19.7% during the 1st quarter. Royal Bank of Canada now owns 28,464 shares of the company’s stock worth $1,408,000 after acquiring an additional 4,682 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in American Century Diversified Municipal Bond ETF during the 1st quarter worth about $241,000. PNC Financial Services Group Inc. boosted its position in shares of American Century Diversified Municipal Bond ETF by 104.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,501 shares of the company’s stock worth $905,000 after acquiring an additional 9,432 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of American Century Diversified Municipal Bond ETF by 47.8% in the 2nd quarter. Foundations Investment Advisors LLC now owns 9,171 shares of the company’s stock valued at $449,000 after acquiring an additional 2,967 shares during the last quarter. Finally, Condor Capital Management lifted its stake in American Century Diversified Municipal Bond ETF by 0.6% during the second quarter. Condor Capital Management now owns 164,077 shares of the company’s stock worth $8,028,000 after purchasing an additional 947 shares during the last quarter.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.