Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Decreases By 50.0%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 15,344 shares, a drop of 50.0% from the May 31st total of 30,669 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 36,429 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. FAS Wealth Partners Inc. boosted its stake in American Century Diversified Municipal Bond ETF by 10.0% during the 1st quarter. FAS Wealth Partners Inc. now owns 96,934 shares of the company’s stock worth $4,852,000 after acquiring an additional 8,801 shares during the last quarter. NewEdge Advisors LLC increased its stake in American Century Diversified Municipal Bond ETF by 93.9% in the first quarter. NewEdge Advisors LLC now owns 106,977 shares of the company’s stock valued at $5,354,000 after purchasing an additional 51,799 shares in the last quarter. Western Wealth Management LLC bought a new stake in American Century Diversified Municipal Bond ETF in the first quarter valued at approximately $25,000. Royal Bank of Canada raised its holdings in American Century Diversified Municipal Bond ETF by 9.3% in the first quarter. Royal Bank of Canada now owns 40,468 shares of the company’s stock worth $2,025,000 after purchasing an additional 3,441 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in American Century Diversified Municipal Bond ETF by 10.1% in the first quarter. PNC Financial Services Group Inc. now owns 24,152 shares of the company’s stock worth $1,209,000 after purchasing an additional 2,209 shares during the period.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA:TAXF traded up $0.04 on Wednesday, hitting $50.87. 37,454 shares of the stock were exchanged, compared to its average volume of 52,265. American Century Diversified Municipal Bond ETF has a 52 week low of $48.34 and a 52 week high of $51.42. The company’s 50-day moving average price is $50.49 and its 200 day moving average price is $50.56.

About American Century Diversified Municipal Bond ETF

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.