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

by · The Cerbat Gem

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 22,264 shares, a drop of 42.0% from the April 15th total of 38,419 shares. Based on an average daily trading volume, of 422,464 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

AB Tax-Aware Short Duration Municipal ETF Trading Up 0.1%

TAFI stock traded up $0.02 during trading hours on Monday, hitting $25.11. 325,935 shares of the stock traded hands, compared to its average volume of 398,991. The stock has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $25.27. AB Tax-Aware Short Duration Municipal ETF has a one year low of $24.91 and a one year high of $25.52.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at about $93,000. Advisory Services Network LLC boosted its position in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% in the 4th quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after purchasing an additional 14,889 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 140,114 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the 4th quarter valued at $601,000. Finally, United Community Bank acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the 3rd quarter valued at $94,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

(Get Free Report)

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.

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