AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Significant Drop in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,969 shares, a decrease of 55.1% from the September 15th total of 4,382 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 21,676 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

Large investors have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC raised its position in AB Tax-Aware Long Municipal ETF by 0.6% during the 2nd quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock valued at $3,497,000 after purchasing an additional 807 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 valued at $2,378,000 after purchasing an additional 21,829 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted 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 valued at $521,000 after purchasing an additional 9,983 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Stock Up 1.2%

Shares of AB Tax-Aware Long Municipal ETF stock traded up $0.29 on Thursday, hitting $23.63. The stock had a trading volume of 32,538 shares, compared to its average volume of 17,427. AB Tax-Aware Long Municipal ETF has a one year low of $23.04 and a one year high of $25.55. The stock’s 50-day simple moving average is $24.11 and its two-hundred day simple moving average is $24.69.

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.