AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 3,520 shares, a drop of 94.8% from the August 15th total of 67,405 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 284,175 shares, the days-to-cover ratio is presently 0.0 days.
AB Tax-Aware Intermediate Municipal ETF Stock Performance
Shares of NYSEARCA TAFM traded down $0.01 during mid-day trading on Friday, reaching $24.57. The company had a trading volume of 387,916 shares, compared to its average volume of 170,164. The company has a 50-day moving average price of $25.19 and a two-hundred day moving average price of $25.39. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.50 and a 1-year high of $25.93.
Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF
A number of institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter valued at $89,000. Comerica Bank acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth about $90,000. Osaic Holdings Inc. boosted its position in AB Tax-Aware Intermediate Municipal ETF by 574.4% during 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 period. Huntington National Bank acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth about $227,000. Finally, OLD Mission Capital LLC purchased a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at about $392,000.
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.
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