AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Up 142.0% in January

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 18,322 shares, a growth of 142.0% from the December 31st total of 7,571 shares. Based on an average daily trading volume, of 85,239 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 85,239 shares, the days-to-cover ratio is currently 0.2 days.

AB Tax-Aware Intermediate Municipal ETF Price Performance

AB Tax-Aware Intermediate Municipal ETF stock traded up $0.05 during midday trading on Friday, hitting $25.63. The company’s stock had a trading volume of 85,481 shares, compared to its average volume of 85,004. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.04 and a 1-year high of $25.85. The company has a 50-day moving average price of $25.52 and a two-hundred day moving average price of $25.29.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% in the 2nd quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after purchasing an additional 1,538 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 12.8% during the 3rd quarter. Capital Investment Counsel Inc now owns 26,464 shares of the company’s stock worth $673,000 after buying an additional 3,000 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 574.4% during 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. Comerica Bank bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the 4th quarter worth $90,000. Finally, HighTower Advisors LLC boosted its stake in AB Tax-Aware Intermediate Municipal ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 550,593 shares of the company’s stock valued at $13,996,000 after buying an additional 5,838 shares in the last quarter.

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.