AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Significant Growth in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 29,257 shares, a growth of 21.5% from the January 29th total of 24,071 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 14,159 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 14,159 shares, the short-interest ratio is currently 2.1 days. Approximately 1.5% of the shares of the stock are sold short.

AB Tax-Aware Long Municipal ETF Stock Performance

TAFL opened at $25.13 on Friday. The business has a 50 day moving average price of $25.14 and a two-hundred day moving average price of $25.01. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.40 and a 1-year high of $25.55.

AB Tax-Aware Long Municipal ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.0856 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from AB Tax-Aware Long Municipal ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

A number of large investors have recently made changes to their positions in TAFL. Kestra Advisory Services LLC acquired a new position in AB Tax-Aware Long Municipal ETF during the fourth quarter valued at $70,000. Jane Street Group LLC grew its holdings in AB Tax-Aware Long Municipal ETF by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after buying an additional 565 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in AB Tax-Aware Long Municipal ETF in the 3rd quarter worth $274,000. Commonwealth Equity Services LLC raised its holdings in AB Tax-Aware Long Municipal ETF by 46.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Capital Investment Counsel Inc boosted its stake in AB Tax-Aware Long Municipal ETF by 78.6% during the second quarter. Capital Investment Counsel Inc now owns 25,000 shares of the company’s stock worth $612,000 after buying an additional 11,000 shares in the last quarter.

About AB Tax-Aware Long Municipal ETF

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.