American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Significant Decrease in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 37,432 shares, a drop of 62.7% from the April 30th total of 100,274 shares. Based on an average daily volume of 41,432 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in American Century Diversified Municipal Bond ETF during the 1st quarter valued at $25,000. Royal Bank of Canada lifted its holdings in American Century Diversified Municipal Bond ETF by 9.3% during the 1st quarter. Royal Bank of Canada now owns 40,468 shares of the company’s stock valued at $2,025,000 after purchasing an additional 3,441 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in American Century Diversified Municipal Bond ETF by 10.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 24,152 shares of the company’s stock valued at $1,209,000 after purchasing an additional 2,209 shares during the last quarter. Regimen Wealth LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 22.1% during the 1st quarter. Regimen Wealth LLC now owns 15,435 shares of the company’s stock valued at $773,000 after purchasing an additional 2,790 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in American Century Diversified Municipal Bond ETF during the 1st quarter valued at $822,000.

American Century Diversified Municipal Bond ETF Trading Up 0.3%

Shares of NYSEARCA:TAXF opened at $50.59 on Friday. American Century Diversified Municipal Bond ETF has a 52-week low of $48.34 and a 52-week high of $51.42. The company has a 50-day simple moving average of $50.29 and a 200 day simple moving average of $50.54.

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.