Short Interest in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Grows By 49.0%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 112,230 shares, an increase of 49.0% from the November 30th total of 75,341 shares. Based on an average daily trading volume, of 248,510 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 248,510 shares, the short-interest ratio is currently 0.5 days.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:TAFI traded down $0.07 on Wednesday, reaching $25.22. 324,271 shares of the company were exchanged, compared to its average volume of 230,385. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.42. The company has a 50-day moving average of $25.26 and a 200-day moving average of $25.22.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

A hedge fund recently bought a new stake in AB Tax-Aware Short Duration Municipal ETF stock. United Community Bank purchased a new position in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,720 shares of the company’s stock, valued at approximately $94,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

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.