AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 62.8% in February

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 20,094 shares, an increase of 62.8% from the February 12th total of 12,345 shares. Based on an average daily volume of 89,233 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 89,233 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% during the 2nd quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock worth $871,000 after acquiring an additional 1,538 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock valued at $4,452,000 after purchasing an additional 2,311 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 1.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 143,475 shares of the company’s stock valued at $3,647,000 after purchasing an additional 2,314 shares in the last quarter. Capital Investment Counsel Inc increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 12.8% in the 3rd quarter. Capital Investment Counsel Inc now owns 26,464 shares of the company’s stock valued at $673,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after purchasing an additional 3,205 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA:TAFM traded up $0.06 during trading on Friday, hitting $25.55. 193,077 shares of the stock traded hands, compared to its average volume of 108,781. The company has a fifty day moving average price of $25.65 and a two-hundred day moving average price of $25.49. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.04 and a 52-week high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0755 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.