Short Interest in AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Drops By 79.2%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 5,170 shares, a decline of 79.2% from the July 15th total of 24,849 shares. Based on an average daily volume of 175,976 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

AB Tax-Aware Intermediate Municipal ETF Price Performance

TAFM stock traded up $0.01 during trading hours on Thursday, reaching $25.29. 231,429 shares of the stock were exchanged, compared to its average volume of 157,875. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.62 and a 12 month high of $25.93. The firm’s 50-day moving average is $25.43 and its 200-day moving average is $25.49.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $89,000. Comerica Bank acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter valued at $90,000. Osaic Holdings Inc. raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% in the second quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after purchasing an additional 3,205 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the fourth quarter worth approximately $200,000. Finally, Huntington National Bank bought a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth $227,000.

About AB Tax-Aware Intermediate Municipal ETF

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.