Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Rises By 474.0%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 45,238 shares, a growth of 474.0% from the February 26th total of 7,881 shares. Based on an average daily volume of 44,912 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 44,912 shares, the short-interest ratio is currently 1.0 days.

American Century Diversified Municipal Bond ETF Trading Down 0.7%

NYSEARCA:TAXF traded down $0.37 during midday trading on Tuesday, reaching $49.76. 81,733 shares of the stock traded hands, compared to its average volume of 55,277. The company has a fifty day moving average of $50.79 and a 200 day moving average of $50.54. American Century Diversified Municipal Bond ETF has a 12 month low of $46.58 and a 12 month high of $51.42.

American Century Diversified Municipal Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were given a $0.193 dividend. The ex-dividend date was Thursday, February 5th. This is a positive change from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Institutional Trading of American Century Diversified Municipal Bond ETF

A number of institutional investors have recently modified their holdings of the company. Orion Porfolio Solutions LLC grew its stake in shares of American Century Diversified Municipal Bond ETF by 926.8% in the second quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock worth $19,280,000 after purchasing an additional 355,659 shares during the last quarter. Jane Street Group LLC raised its position in American Century Diversified Municipal Bond ETF by 477.4% during the 2nd quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock valued at $15,616,000 after purchasing an additional 263,876 shares during the last quarter. CWM LLC lifted its holdings in American Century Diversified Municipal Bond ETF by 19.2% in the 3rd quarter. CWM LLC now owns 1,338,537 shares of the company’s stock worth $67,235,000 after buying an additional 215,597 shares during the period. CX Institutional grew its position in shares of American Century Diversified Municipal Bond ETF by 34.8% in the 3rd quarter. CX Institutional now owns 393,705 shares of the company’s stock worth $19,776,000 after buying an additional 101,677 shares during the last quarter. Finally, Pursuit Wealth Management LLC bought a new stake in shares of American Century Diversified Municipal Bond ETF in the 4th quarter worth approximately $4,108,000.

American Century Diversified Municipal Bond ETF Company Profile

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.