AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 91.7% in July

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 24,849 shares, an increase of 91.7% from the June 30th total of 12,962 shares. Based on an average daily trading volume, of 174,143 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA TAFM opened at $25.24 on Thursday. AB Tax-Aware Intermediate Municipal ETF has a twelve month low of $24.62 and a twelve month high of $25.93. The stock has a fifty day simple moving average of $25.47 and a 200-day simple moving average of $25.51.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

Institutional investors have recently bought and sold shares of the company. Leverty Financial Group LLC increased its stake in AB Tax-Aware Intermediate Municipal ETF by 33.7% during the second quarter. Leverty Financial Group LLC now owns 75,118 shares of the company’s stock worth $1,929,000 after purchasing an additional 18,936 shares during the period. Fifth Third Bancorp acquired a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter worth about $89,000. Kestra Advisory Services LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 21.9% in the first quarter. Kestra Advisory Services LLC now owns 46,873 shares of the company’s stock valued at $1,186,000 after purchasing an additional 8,429 shares during the period. Private Advisor Group LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 19.3% in the first quarter. Private Advisor Group LLC now owns 73,148 shares of the company’s stock valued at $1,850,000 after purchasing an additional 11,821 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 18.4% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 37,369 shares of the company’s stock valued at $945,000 after purchasing an additional 5,807 shares in the last quarter.

About AB Tax-Aware Intermediate Municipal ETF

The AB Tax-Aware Intermediate Municipal ETF (TAFM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that primarily invests in investment grade municipal bonds from the US. The fund seeks to maintain an effective duration of 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.