AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 67,405 shares, a growth of 1,203.8% from the July 30th total of 5,170 shares. Based on an average daily volume of 295,308 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in TAFM. Fifth Third Bancorp purchased a new position in AB Tax-Aware Intermediate Municipal ETF during the first quarter worth about $89,000. Comerica Bank purchased a new stake in AB Tax-Aware Intermediate Municipal ETF in the 4th quarter valued at approximately $90,000. Osaic Holdings Inc. increased its position in AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after purchasing an additional 3,205 shares during the period. Huntington National Bank acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $227,000. Finally, OLD Mission Capital LLC acquired a new position in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth approximately $392,000.
AB Tax-Aware Intermediate Municipal ETF Price Performance
Shares of TAFM opened at $25.13 on Thursday. AB Tax-Aware Intermediate Municipal ETF has a 1 year low of $24.62 and a 1 year high of $25.93. The company’s fifty day moving average is $25.36 and its two-hundred day moving average is $25.46.
AB Tax-Aware Intermediate Municipal ETF Company Profile
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.
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