Short Interest in American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Increases By 474.0%

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 45,238 shares, an increase of 474.0% from the February 26th total of 7,881 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 44,912 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On American Century Diversified Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAXF. Royal Bank of Canada lifted its position in shares of American Century Diversified Municipal Bond ETF by 19.7% in the 1st quarter. Royal Bank of Canada now owns 28,464 shares of the company’s stock worth $1,408,000 after acquiring an additional 4,682 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of American Century Diversified Municipal Bond ETF during the first quarter valued at approximately $241,000. Flow Traders U.S. LLC raised its stake in shares of American Century Diversified Municipal Bond ETF by 25.9% in the second quarter. Flow Traders U.S. LLC now owns 30,058 shares of the company’s stock valued at $1,471,000 after purchasing an additional 6,179 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of American Century Diversified Municipal Bond ETF by 17.3% in the second quarter. Raymond James Financial Inc. now owns 136,643 shares of the company’s stock valued at $6,686,000 after purchasing an additional 20,105 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in American Century Diversified Municipal Bond ETF by 477.4% in the second quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock worth $15,616,000 after purchasing an additional 263,876 shares during the period.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA TAXF traded down $0.07 during midday trading on Thursday, hitting $49.85. The company had a trading volume of 79,136 shares, compared to its average volume of 55,561. The firm has a fifty day simple moving average of $50.77 and a two-hundred day simple moving average of $50.54. American Century Diversified Municipal Bond ETF has a fifty-two week low of $46.58 and a fifty-two week high of $51.42.

American Century Diversified Municipal Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were paid a $0.193 dividend. The ex-dividend date was Thursday, February 5th. This is a boost from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 4.6%.

About American Century Diversified Municipal Bond ETF

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.