Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Rises By 91.7%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 24,849 shares, an increase of 91.7% from the June 30th total of 12,962 shares. Based on an average daily volume of 174,143 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

NYSEARCA TAFM opened at $25.24 on Thursday. AB Tax-Aware Intermediate Municipal ETF has a twelve month low of $24.62 and a twelve month high of $25.93. The stock has a fifty day simple moving average of $25.47 and a 200-day simple moving average of $25.51.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its position in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% during the second quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after acquiring an additional 1,538 shares during the last quarter. Dynasty Wealth Management LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 1.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock worth $4,452,000 after acquiring an additional 2,311 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 1.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 143,475 shares of the company’s stock worth $3,647,000 after acquiring an additional 2,314 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 acquiring an additional 3,205 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $90,000.

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.