AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Increase in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 116,532 shares, an increase of 1,379.6% from the October 15th total of 7,876 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 611,557 shares, the days-to-cover ratio is currently 0.2 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

AB Tax-Aware Short Duration Municipal ETF stock traded down $0.10 during mid-day trading on Wednesday, reaching $25.00. The company’s stock had a trading volume of 1,239,913 shares, compared to its average volume of 533,365. AB Tax-Aware Short Duration Municipal ETF has a twelve month low of $24.47 and a twelve month high of $25.65. The business has a 50 day moving average price of $24.80 and a 200-day moving average price of $25.10.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

A hedge fund recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. CoreCap Advisors LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,983 shares of the company’s stock, valued at approximately $270,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.