Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Declines By 56.5%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 12,962 shares, a drop of 56.5% from the June 15th total of 29,791 shares. Based on an average daily volume of 189,612 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

AB Tax-Aware Intermediate Municipal ETF Trading Up 0.0%

TAFM stock traded up $0.01 during trading on Tuesday, reaching $25.51. The stock had a trading volume of 183,819 shares, compared to its average volume of 143,672. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.51 and a one year high of $25.93. The company’s 50 day moving average is $25.49 and its two-hundred day moving average is $25.53.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Leverty Financial Group LLC boosted its position in AB Tax-Aware Intermediate Municipal ETF by 33.7% in the second quarter. Leverty Financial Group LLC now owns 75,118 shares of the company’s stock worth $1,929,000 after purchasing an additional 18,936 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the 1st quarter worth $89,000. Kestra Advisory Services LLC boosted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 21.9% in the 1st quarter. Kestra Advisory Services LLC now owns 46,873 shares of the company’s stock worth $1,186,000 after buying an additional 8,429 shares during the last quarter. Private Advisor Group LLC grew its position in AB Tax-Aware Intermediate Municipal ETF by 19.3% during the first quarter. Private Advisor Group LLC now owns 73,148 shares of the company’s stock valued at $1,850,000 after buying an additional 11,821 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in AB Tax-Aware Intermediate Municipal ETF by 18.4% during the first quarter. Barnes Pettey Financial Advisors LLC now owns 37,369 shares of the company’s stock worth $945,000 after buying an additional 5,807 shares during the last quarter.

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.