AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Update

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 127,195 shares, an increase of 198.8% from the November 30th total of 42,574 shares. Based on an average daily volume of 87,344 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 87,344 shares, the days-to-cover ratio is presently 1.5 days.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.0%

Shares of NYSEARCA TAFM opened at $25.50 on Friday. The business’s 50 day moving average is $25.53 and its two-hundred day moving average is $25.16. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.04 and a 12 month high of $25.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 49.2% during the 1st quarter. Alliancebernstein L.P. now owns 5,060,187 shares of the company’s stock worth $127,340,000 after buying an additional 1,668,330 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the 1st quarter worth approximately $2,059,000. Jane Street Group LLC increased its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 1,257.2% in the first quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock valued at $3,428,000 after purchasing an additional 126,172 shares during the last quarter. LVW Advisors LLC grew its stake in AB Tax-Aware Intermediate Municipal ETF by 8.3% in the 2nd quarter. LVW Advisors LLC now owns 879,311 shares of the company’s stock valued at $21,915,000 after buying an additional 67,464 shares during the last quarter. Finally, Leverty Financial Group LLC raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 3.4% in the 2nd quarter. Leverty Financial Group LLC now owns 324,172 shares of the company’s stock valued at $8,079,000 after acquiring an additional 10,666 shares during the period.

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.