AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Update

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 24,071 shares, a drop of 20.5% from the January 15th total of 30,285 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 30,836 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 30,836 shares, the short-interest ratio is presently 0.8 days. Currently, 1.2% of the company’s shares are sold short.

AB Tax-Aware Long Municipal ETF Trading Up 0.1%

Shares of TAFL traded up $0.02 on Friday, reaching $25.20. 865 shares of the company’s stock were exchanged, compared to its average volume of 19,582. The business has a 50 day moving average price of $25.07 and a two-hundred day moving average price of $24.91. AB Tax-Aware Long Municipal ETF has a 12 month low of $23.40 and a 12 month high of $25.49.

AB Tax-Aware Long Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.0837 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Hedge Funds Weigh In On AB Tax-Aware Long Municipal ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAFL. Advisory Resource Group bought a new stake in shares of AB Tax-Aware Long Municipal ETF in the 2nd quarter valued at $1,790,000. Capital Investment Counsel Inc raised its position in shares of AB Tax-Aware Long Municipal ETF by 78.6% during the second quarter. Capital Investment Counsel Inc now owns 25,000 shares of the company’s stock worth $612,000 after purchasing an additional 11,000 shares during the period. Heck Capital Advisors LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at about $2,102,000. Envestnet Asset Management Inc. grew its position in shares of AB Tax-Aware Long Municipal ETF by 176.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,455 shares of the company’s stock valued at $1,481,000 after purchasing an additional 38,561 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in AB Tax-Aware Long Municipal ETF by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock worth $449,000 after purchasing an additional 5,725 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.