AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 29,329 shares, a drop of 64.3% from the June 30th total of 82,041 shares. Based on an average daily volume of 368,824 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
AB Tax-Aware Short Duration Municipal ETF Stock Performance
NYSEARCA:TAFI opened at $25.07 on Monday. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $25.00 and a 12 month high of $25.65. The company’s 50-day moving average price is $25.16 and its two-hundred day moving average price is $25.24.
Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after buying an additional 140,114 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the fourth quarter worth about $601,000. Advisory Services Network LLC lifted its position in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% during the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after purchasing an additional 14,889 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at approximately $93,000.
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.
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