Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Declines By 20.7%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 22,703 shares, a decline of 20.7% from the February 26th total of 28,627 shares. Based on an average daily volume of 10,039 shares, the short-interest ratio is presently 2.3 days. Approximately 1.1% of the shares of the stock are short sold.

AB Tax-Aware Long Municipal ETF Stock Up 0.1%

Shares of TAFL opened at $24.67 on Friday. AB Tax-Aware Long Municipal ETF has a 1 year low of $23.40 and a 1 year high of $25.55. The company has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $25.09.

AB Tax-Aware Long Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0856 dividend. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from AB Tax-Aware Long Municipal ETF’s previous monthly dividend of $0.08. The ex-dividend date was Monday, March 2nd.

Institutional Trading of AB Tax-Aware Long Municipal ETF

Several hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth approximately $70,000. Jane Street Group LLC lifted its position in AB Tax-Aware Long Municipal ETF by 5.7% during the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after acquiring an additional 565 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in AB Tax-Aware Long Municipal ETF during the third quarter valued at approximately $274,000. Commonwealth Equity Services LLC boosted its stake in AB Tax-Aware Long Municipal ETF by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after acquiring an additional 5,725 shares in the last quarter. Finally, Capital Investment Counsel Inc grew its holdings in AB Tax-Aware Long Municipal ETF by 32.0% in the third quarter. Capital Investment Counsel Inc now owns 33,000 shares of the company’s stock worth $825,000 after purchasing an additional 8,000 shares during the last quarter.

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.