AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,266 shares, an increase of 3,531.7% from the October 15th total of 145 shares. Based on an average trading volume of 21,469 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.
AB Tax-Aware Long Municipal ETF Stock Up 0.2%
NYSEARCA:TAFL opened at $24.32 on Thursday. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.04 and a twelve month high of $25.55. The stock’s 50-day simple moving average is $23.82 and its 200 day simple moving average is $24.70.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at $11,077,000. Commonwealth Equity Services LLC bought a new stake in shares of AB Tax-Aware Long Municipal ETF during the third quarter valued at about $1,787,000. Tortoise Investment Management LLC bought a new stake in shares of AB Tax-Aware Long Municipal ETF during the third quarter valued at about $620,000. Envestnet Asset Management Inc. lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 30.3% in the second quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after buying an additional 21,829 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth about $72,000.
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.
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