AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Shares Shorted: Short Interest Up 280.7% in October

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 35,749 shares, a growth of 280.7% from the October 15th total of 9,390 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 737,797 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF

A number of large investors have recently bought and sold shares of TAFM. NewEdge Advisors LLC lifted its position in AB Tax-Aware Intermediate Municipal ETF by 4.8% during the second quarter. NewEdge Advisors LLC now owns 34,774 shares of the company’s stock valued at $893,000 after acquiring an additional 1,595 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter worth $89,000. Kestra Advisory Services LLC raised its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 21.9% during the 1st quarter. Kestra Advisory Services LLC now owns 46,873 shares of the company’s stock valued at $1,186,000 after buying an additional 8,429 shares during the last quarter. Aletheian Wealth Advisors LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF in the third quarter valued at approximately $207,000. Finally, Landmark Wealth Management LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at $269,000.

AB Tax-Aware Intermediate Municipal ETF Trading Down 0.7%

TAFM traded down $0.17 during trading on Thursday, hitting $24.77. 315,683 shares of the stock were exchanged, compared to its average volume of 302,534. AB Tax-Aware Intermediate Municipal ETF has a 1 year low of $23.72 and a 1 year high of $25.93. The firm has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $25.19.

AB Tax-Aware Intermediate Municipal ETF Company Profile

The AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.