AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Down 94.8% in August

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,520 shares, a decline of 94.8% from the August 15th total of 67,405 shares. Based on an average daily volume of 284,175 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 14.4% during the second quarter. Alliancebernstein L.P. now owns 5,790,470 shares of the company’s stock worth $144,316,000 after acquiring an additional 730,283 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 211.8% during the 2nd quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock valued at $99,500,000 after purchasing an additional 2,632,091 shares during the last quarter. LPL Financial LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 23.5% during the 4th quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock valued at $19,530,000 after purchasing an additional 146,268 shares during the last quarter. HighTower Advisors LLC raised its position in AB Tax-Aware Intermediate Municipal ETF by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 555,602 shares of the company’s stock worth $14,123,000 after purchasing an additional 5,009 shares during the period. Finally, JPMorgan Chase & Co. raised its position in AB Tax-Aware Intermediate Municipal ETF by 2,008.3% in the 4th quarter. JPMorgan Chase & Co. now owns 288,885 shares of the company’s stock worth $7,343,000 after purchasing an additional 275,183 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of TAFM traded down $0.13 during midday trading on Thursday, reaching $24.57. The stock had a trading volume of 219,492 shares, compared to its average volume of 169,149. The company’s 50-day moving average is $25.19 and its 200 day moving average is $25.39. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.50 and a 12-month high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Company Profile

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.