AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 5,266 shares, a growth of 3,531.7% from the October 15th total of 145 shares. Based on an average trading volume of 21,469 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
AB Tax-Aware Long Municipal ETF Stock Performance
Shares of TAFL opened at $24.27 on Wednesday. AB Tax-Aware Long Municipal ETF has a fifty-two week low of $23.04 and a fifty-two week high of $25.55. The firm’s 50-day simple moving average is $23.82 and its two-hundred day simple moving average is $24.71.
Institutional Trading of AB Tax-Aware Long Municipal ETF
A number of hedge funds have recently made changes to their positions in TAFL. HighTower Advisors LLC bought a new position in AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at approximately $11,077,000. Commonwealth Equity Services LLC purchased a new stake in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth $1,787,000. Tortoise Investment Management LLC purchased a new stake in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth $620,000. Envestnet Asset Management Inc. grew its stake in shares of AB Tax-Aware Long Municipal ETF by 30.3% in the second quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after acquiring an additional 21,829 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth $72,000.
AB Tax-Aware Long Municipal ETF Company Profile
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.
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