AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Large Decrease in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 22,264 shares, a decrease of 42.0% from the April 15th total of 38,419 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 422,464 shares, the short-interest ratio is currently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Stock Up 0.1%

Shares of TAFI opened at $25.11 on Tuesday. The stock has a 50 day moving average of $25.20 and a 200 day moving average of $25.27. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.91 and a 12 month high of $25.52.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

A number of institutional investors and hedge funds have recently modified their holdings of TAFI. JPMorgan Chase & Co. increased its position in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% during the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after acquiring an additional 140,114 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the fourth quarter valued at approximately $601,000. Advisory Services Network LLC increased its position in shares of 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 valued at $2,065,000 after acquiring an additional 14,889 shares during the last quarter. United Community Bank purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the third quarter valued at approximately $94,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at approximately $93,000.

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.