AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Stock Short Interest Jumps 3,219.5%

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 116,845 shares, a growth of 3,219.5% from the August 31st total of 3,520 shares. Based on an average daily volume of 387,756 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

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

Large investors have recently made changes to their positions in the stock. NorthRock Partners LLC grew its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 211.8% in the second quarter. NorthRock Partners LLC now owns 3,874,626 shares of the company’s stock valued at $99,500,000 after purchasing an additional 2,632,091 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in AB Tax-Aware Intermediate Municipal ETF during the 2nd quarter worth approximately $2,568,000. Envestnet Asset Management Inc. boosted its position in AB Tax-Aware Intermediate Municipal ETF by 18.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,965 shares of the company’s stock valued at $8,576,000 after buying an additional 52,703 shares during the period. Leverty Financial Group LLC boosted its position in AB Tax-Aware Intermediate Municipal ETF by 33.7% in the 2nd quarter. Leverty Financial Group LLC now owns 75,118 shares of the company’s stock valued at $1,929,000 after buying an additional 18,936 shares during the period. Finally, PMG Wealth Management Inc. purchased a new position in AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at approximately $468,000.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA TAFM traded down $0.11 during mid-day trading on Friday, reaching $24.09. 24,589 shares of the company’s stock were exchanged, compared to its average volume of 180,661. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.07 and a 52-week high of $25.93. The company’s 50-day moving average is $24.98 and its 200-day moving average is $25.29.

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.