American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Drop in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 7,881 shares, a drop of 41.9% from the February 12th total of 13,560 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

American Century Diversified Municipal Bond ETF Price Performance

TAXF stock traded up $0.16 during trading on Friday, reaching $50.53. 21,458 shares of the stock traded hands, compared to its average volume of 45,726. The business’s 50 day moving average price is $50.85 and its 200-day moving average price is $50.48. American Century Diversified Municipal Bond ETF has a 52-week low of $46.58 and a 52-week 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. Stockholders of record on Thursday, February 5th were paid a $0.193 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a c) annualized dividend and a dividend yield of 4.6%. This is an increase from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14.

Institutional Trading of American Century Diversified Municipal Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Caldwell Trust Co purchased a new position in American Century Diversified Municipal Bond ETF in the second quarter valued at approximately $38,000. Advisory Services Network LLC purchased a new stake in American Century Diversified Municipal Bond ETF during the third quarter worth approximately $103,000. Farther Finance Advisors LLC increased its position in shares of American Century Diversified Municipal Bond ETF by 1,646.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,934 shares of the company’s stock worth $148,000 after acquiring an additional 2,766 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of American Century Diversified Municipal Bond ETF by 34.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,129 shares of the company’s stock valued at $157,000 after acquiring an additional 796 shares during the period. Finally, Barnes Wealth Management Group Inc purchased a new position in shares of American Century Diversified Municipal Bond ETF in the 2nd quarter valued at $202,000.

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.