AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 269,636 shares, an increase of 174.0% from the December 31st total of 98,390 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 369,843 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 369,843 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are sold short.
AB Tax-Aware Short Duration Municipal ETF Price Performance
TAFI opened at $25.36 on Friday. The stock’s 50 day moving average price is $25.27 and its 200-day moving average price is $25.26. AB Tax-Aware Short Duration Municipal ETF has a one year low of $24.55 and a one year high of $25.42.
Institutional Trading of AB Tax-Aware Short Duration Municipal ETF
A hedge fund recently raised its stake in AB Tax-Aware Short Duration Municipal ETF stock. JPMorgan Chase & Co. grew its stake in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Free Report) by 55.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 696,961 shares of the company’s stock after purchasing an additional 249,468 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.09% of AB Tax-Aware Short Duration Municipal ETF worth $17,501,000 at the end of the most recent quarter.
About AB Tax-Aware Short Duration Municipal ETF
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.
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