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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 41,403 shares, an increase of 39.0% from the March 15th total of 29,787 shares. Based on an average daily volume of 422,244 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

AB Tax-Aware Short Duration Municipal ETF Trading Up 0.1%

NYSEARCA:TAFI opened at $25.20 on Friday. AB Tax-Aware Short Duration Municipal ETF has a one year low of $24.77 and a one year high of $25.52. The firm’s fifty day moving average price is $25.29 and its two-hundred day moving average price is $25.28.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock valued at $22,392,000 after purchasing an additional 140,114 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of AB Tax-Aware Short Duration Municipal ETF by 22.2% in the fourth quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock valued at $2,065,000 after purchasing an additional 14,889 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the fourth quarter valued at $601,000. Finally, United Community Bank acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the third quarter valued at about $94,000.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.