AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Increase in Short Interest
by Teresa Graham · The Cerbat GemAB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 41,403 shares, an increase of 39.0% from the March 15th total of 29,787 shares. Based on an average daily volume of 422,244 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF
Several hedge funds have recently bought and sold shares of TAFI. JPMorgan Chase & Co. increased its holdings in AB Tax-Aware Short Duration Municipal ETF by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 748,108 shares of the company’s stock worth $18,957,000 after acquiring an additional 51,147 shares during the period. Advisory Services Network LLC boosted its holdings in 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. 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, United Community Bank purchased a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the 3rd quarter valued at $94,000.
AB Tax-Aware Short Duration Municipal ETF Stock Down 0.0%
TAFI stock traded down $0.01 during mid-day trading on Wednesday, reaching $25.17. 969,425 shares of the company traded hands, compared to its average volume of 390,560. The company has a fifty day moving average price of $25.30 and a 200-day moving average price of $25.28. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.77 and a 52-week high of $25.52.
About AB Tax-Aware Short Duration Municipal ETF
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.