Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Increases By 377.1%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 85,880 shares, a growth of 377.1% from the July 30th total of 18,001 shares. Based on an average trading volume of 36,172 shares, the short-interest ratio is presently 2.4 days. Approximately 3.4% of the shares of the company are short sold.

AB Tax-Aware Long Municipal ETF Stock Down 0.1%

Shares of TAFL traded down $0.03 during mid-day trading on Thursday, hitting $24.67. The company’s stock had a trading volume of 1,532 shares, compared to its average volume of 14,906. AB Tax-Aware Long Municipal ETF has a one year low of $23.97 and a one year high of $25.55. The stock’s 50-day moving average is $24.97 and its two-hundred day moving average is $25.01.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its position in AB Tax-Aware Long Municipal ETF by 3.2% in the third quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock valued at $19,019,000 after buying an additional 23,351 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of AB Tax-Aware Long Municipal ETF during the fourth quarter worth approximately $3,952,000. Heck Capital Advisors LLC increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 0.6% during the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock worth $3,497,000 after buying an additional 807 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% during the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock worth $2,026,000 after buying an additional 80,036 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter valued at approximately $1,137,000.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.