AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Significant Decrease in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 22,703 shares, a decrease of 20.7% from the February 26th total of 28,627 shares. Based on an average daily trading volume, of 10,039 shares, the short-interest ratio is currently 2.3 days. Currently, 1.1% of the company’s stock are short sold.

AB Tax-Aware Long Municipal ETF Trading Up 0.4%

Shares of NYSEARCA TAFL traded up $0.10 during trading hours on Tuesday, hitting $24.86. The company had a trading volume of 33,093 shares, compared to its average volume of 14,106. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.40 and a 1-year high of $25.55. The firm’s 50 day moving average is $25.08 and its 200-day moving average is $25.09.

AB Tax-Aware Long Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0856 dividend. This is an increase from AB Tax-Aware Long Municipal ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its position in AB Tax-Aware Long Municipal ETF by 5.7% during the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock worth $259,000 after acquiring an additional 565 shares during the period. Kestra Advisory Services LLC bought a new stake in AB Tax-Aware Long Municipal ETF in the 4th quarter valued at about $70,000. Commonwealth Equity Services LLC grew its position in shares of 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. Advisory Resource Group grew its position in shares of AB Tax-Aware Long Municipal ETF by 9.4% during the 3rd quarter. Advisory Resource Group now owns 79,903 shares of the company’s stock worth $1,997,000 after purchasing an additional 6,844 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 21.2% during the fourth quarter. Capital Investment Counsel Inc now owns 40,000 shares of the company’s stock worth $1,000,000 after purchasing an additional 7,000 shares during the period.

About AB Tax-Aware Long Municipal ETF

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.