Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Drops By 42.0%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant drop in short interest during the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 422,464 shares, the days-to-cover ratio is currently 0.1 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of TAFI traded down $0.04 on Friday, reaching $25.09. 392,806 shares of the company’s stock traded hands, compared to its average volume of 399,776. The stock’s 50 day simple moving average is $25.20 and its two-hundred day simple moving average is $25.27. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.91 and a 52-week high of $25.52.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of AB Tax-Aware Short Duration Municipal ETF by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 748,108 shares of the company’s stock valued at $18,957,000 after acquiring an additional 51,147 shares during the last quarter. United Community Bank purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the third quarter valued at approximately $94,000. Advisory Services Network LLC increased its position in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after acquiring an additional 14,889 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at approximately $93,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the fourth quarter valued at approximately $601,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

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.