AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Sees Large Growth in Short Interest

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,345 shares, a growth of 90.2% from the January 29th total of 6,491 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 141,805 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 141,805 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth about $90,000. Osaic Holdings Inc. grew its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% in the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock worth $94,000 after buying an additional 3,205 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at approximately $200,000. Huntington National Bank bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at approximately $227,000. Finally, Huntleigh Advisors Inc. bought a new stake in AB Tax-Aware Intermediate Municipal ETF in the third quarter valued at $234,000.

AB Tax-Aware Intermediate Municipal ETF Stock Up 0.1%

Shares of AB Tax-Aware Intermediate Municipal ETF stock opened at $25.92 on Monday. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.04 and a one year high of $25.93. The business’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $25.44.

AB Tax-Aware Intermediate Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.0774 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, February 2nd.

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.