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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 29,329 shares, a decline of 64.3% from the June 30th total of 82,041 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 368,824 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAFI. Princeton Global Asset Management LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at approximately $93,000. Advisory Services Network LLC lifted its holdings in AB Tax-Aware Short Duration Municipal ETF by 22.2% during the 4th quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after buying an additional 14,889 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF in the 4th quarter valued at $601,000. Finally, JPMorgan Chase & Co. boosted its position in AB Tax-Aware Short Duration Municipal ETF by 18.7% in the 4th quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after buying an additional 140,114 shares during the last quarter.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:TAFI traded up $0.02 during midday trading on Tuesday, reaching $25.09. The company’s stock had a trading volume of 357,761 shares, compared to its average volume of 423,417. AB Tax-Aware Short Duration Municipal ETF has a fifty-two week low of $25.00 and a fifty-two week high of $25.65. The business’s fifty day simple moving average is $25.16 and its 200-day simple moving average is $25.24.

AB Tax-Aware Short Duration Municipal ETF Company Profile

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.