AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 142.0% in January

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 18,322 shares, an increase of 142.0% from the December 31st total of 7,571 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 85,239 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 85,239 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:TAFM traded up $0.05 during trading on Friday, reaching $25.63. The stock had a trading volume of 85,481 shares, compared to its average volume of 85,004. The business has a fifty day moving average price of $25.52 and a 200-day moving average price of $25.29. AB Tax-Aware Intermediate Municipal ETF has a fifty-two week low of $24.04 and a fifty-two week high of $25.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dynasty Wealth Management LLC purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at about $4,394,000. Americana Partners LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 30.4% during the 3rd quarter. Americana Partners LLC now owns 199,203 shares of the company’s stock worth $5,064,000 after acquiring an additional 46,493 shares during the period. Beacon Pointe Advisors LLC boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 153.6% in the second quarter. Beacon Pointe Advisors LLC now owns 58,440 shares of the company’s stock worth $1,456,000 after acquiring an additional 35,393 shares during the last quarter. Truist Financial Corp boosted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1,272.5% in the second quarter. Truist Financial Corp now owns 243,359 shares of the company’s stock worth $6,065,000 after acquiring an additional 225,628 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the second quarter valued at approximately $1,278,000.

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.