AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Down 71.8% in February

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 95,216 shares, a decline of 71.8% from the February 12th total of 338,188 shares. Based on an average daily trading volume, of 325,834 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 325,834 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. United Community Bank acquired a new stake in AB Tax-Aware Short Duration Municipal ETF during the third quarter worth about $94,000. Advisory Services Network LLC raised its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% in the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after purchasing an additional 14,889 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in AB Tax-Aware Short Duration Municipal ETF during the fourth quarter worth $601,000. Finally, JPMorgan Chase & Co. increased its holdings in AB Tax-Aware Short Duration Municipal ETF by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 748,108 shares of the company’s stock valued at $18,957,000 after buying an additional 51,147 shares during the period.

AB Tax-Aware Short Duration Municipal ETF Price Performance

Shares of TAFI traded down $0.01 during trading hours on Wednesday, reaching $25.30. The company’s stock had a trading volume of 93,992 shares, compared to its average volume of 347,855. The company has a 50 day moving average of $25.35 and a two-hundred day moving average of $25.30. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.55 and a 1-year high of $25.52.

AB Tax-Aware Short Duration Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0626 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from AB Tax-Aware Short Duration Municipal ETF’s previous monthly dividend of $0.06.

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.