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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 29,329 shares, a decline of 64.3% from the June 30th total of 82,041 shares. Based on an average daily trading volume, of 368,824 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

AB Tax-Aware Short Duration Municipal ETF Price Performance

TAFI opened at $25.07 on Monday. The business has a 50 day moving average of $25.16 and a 200-day moving average of $25.24. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $25.00 and a 1-year high of $25.65.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

A number of hedge funds have recently bought and sold shares of TAFI. Princeton Global Asset Management LLC acquired a new stake in AB Tax-Aware Short Duration Municipal ETF in the 1st quarter worth $93,000. Cary Street Partners Financial LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the fourth quarter valued at about $601,000. Advisory Services Network LLC lifted its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% in the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after buying an additional 14,889 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after buying an additional 140,114 shares during the period.

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.