Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Expands By 62.8%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 20,094 shares, a growth of 62.8% from the February 12th total of 12,345 shares. Based on an average trading volume of 89,233 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 89,233 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TAFM. Dynasty Wealth Management LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 3rd quarter valued at approximately $4,394,000. Americana Partners LLC grew its position in shares of AB Tax-Aware Intermediate Municipal ETF by 30.4% during the third quarter. Americana Partners LLC now owns 199,203 shares of the company’s stock worth $5,064,000 after buying an additional 46,493 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in shares of AB Tax-Aware Intermediate Municipal ETF by 153.6% during the second quarter. Beacon Pointe Advisors LLC now owns 58,440 shares of the company’s stock worth $1,456,000 after buying an additional 35,393 shares in the last quarter. FSM Wealth Advisors LLC increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 21.7% in the third quarter. FSM Wealth Advisors LLC now owns 357,492 shares of the company’s stock worth $9,087,000 after buying an additional 63,681 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 530.8% in the second quarter. Envestnet Asset Management Inc. now owns 207,138 shares of the company’s stock worth $5,162,000 after buying an additional 174,300 shares during the last quarter.

AB Tax-Aware Intermediate Municipal ETF Trading Up 0.2%

Shares of TAFM traded up $0.06 during mid-day trading on Friday, reaching $25.55. 193,077 shares of the stock traded hands, compared to its average volume of 108,781. The stock has a fifty day simple moving average of $25.65 and a 200 day simple moving average of $25.50. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.04 and a 12-month high of $25.93.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.0755 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd.

AB Tax-Aware Intermediate Municipal ETF Company Profile

The AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.