AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Shares Shorted: Short Interest Down 55.1% in September

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,969 shares, a drop of 55.1% from the September 15th total of 4,382 shares. Based on an average trading volume of 21,676 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

AB Tax-Aware Long Municipal ETF Stock Up 0.8%

Shares of NYSEARCA:TAFL traded up $0.18 during midday trading on Tuesday, hitting $23.43. The stock had a trading volume of 50,599 shares, compared to its average volume of 17,353. The stock has a 50 day moving average price of $24.17 and a two-hundred day moving average price of $24.71. AB Tax-Aware Long Municipal ETF has a 1 year low of $23.04 and a 1 year high of $25.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC raised its position in AB Tax-Aware Long Municipal ETF by 0.6% during the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock worth $3,497,000 after acquiring an additional 807 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of AB Tax-Aware Long Municipal ETF by 91.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after purchasing an additional 9,983 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of AB Tax-Aware Long Municipal ETF by 30.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after purchasing an additional 21,829 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.