AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Shares Shorted: Short Interest Up 79.0% in September

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 163,697 shares, a growth of 79.0% from the August 31st total of 91,465 shares. Based on an average trading volume of 697,580 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

A hedge fund recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. Princeton Global Asset Management LLC bought a new stake in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,684 shares of the company’s stock, valued at approximately $93,000.

AB Tax-Aware Short Duration Municipal ETF Trading Down 0.2%

NYSEARCA:TAFI traded down $0.05 on Tuesday, hitting $24.49. 774,845 shares of the company’s stock traded hands, compared to its average volume of 461,022. AB Tax-Aware Short Duration Municipal ETF has a 1 year low of $24.47 and a 1 year high of $25.65. The firm has a 50-day moving average price of $24.98 and a 200-day moving average price of $25.11.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.