AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Update

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 39,435 shares, an increase of 2,696.8% from the April 15th total of 1,410 shares. Based on an average daily trading volume, of 98,835 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in TAFM. Fifth Third Bancorp purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter valued at $89,000. Comerica Bank purchased a new position in AB Tax-Aware Intermediate Municipal ETF in the 4th quarter worth about $90,000. Osaic Holdings Inc. increased its stake in AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after buying an additional 3,205 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at about $200,000. Finally, Huntington National Bank bought a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at about $227,000.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of TAFM stock opened at $25.48 on Tuesday. The stock has a 50 day moving average price of $25.47 and a 200 day moving average price of $25.54. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.51 and a 52-week high of $25.93.

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.