Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Rises By 21.5%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 29,257 shares, an increase of 21.5% from the January 29th total of 24,071 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 14,159 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 14,159 shares, the short-interest ratio is currently 2.1 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

Several institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in AB Tax-Aware Long Municipal ETF during the fourth quarter worth approximately $3,952,000. Heck Capital Advisors LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF in the 3rd quarter valued at $2,102,000. Osaic Holdings Inc. raised its stake in AB Tax-Aware Long Municipal ETF by 8,003.6% during the 4th quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock worth $2,026,000 after acquiring an additional 80,036 shares in the last quarter. Advisory Resource Group purchased a new stake in AB Tax-Aware Long Municipal ETF in the second quarter valued at $1,790,000. Finally, Jane Street Group LLC acquired a new position in AB Tax-Aware Long Municipal ETF in the fourth quarter valued at $1,137,000.

AB Tax-Aware Long Municipal ETF Trading Down 0.6%

Shares of TAFL stock opened at $25.11 on Wednesday. The firm has a fifty day moving average price of $25.14 and a 200 day moving average price of $25.01. AB Tax-Aware Long Municipal ETF has a 12 month low of $23.40 and a 12 month high of $25.55.

AB Tax-Aware Long Municipal ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a $0.0856 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, March 2nd. This is an increase from AB Tax-Aware Long Municipal ETF’s previous monthly dividend of $0.08.

About AB Tax-Aware Long Municipal ETF

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.