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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 163,697 shares, an increase of 79.0% from the August 31st total of 91,465 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 697,580 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

An institutional investor recently bought a new stake in AB Tax-Aware Short Duration Municipal ETF stock. Princeton Global Asset Management LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,684 shares of the company’s stock, valued at approximately $93,000.

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

Shares of TAFI stock traded up $0.01 during mid-day trading on Thursday, hitting $24.59. The company’s stock had a trading volume of 168,751 shares, compared to its average volume of 462,122. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.47 and a 52-week high of $25.65. The business has a 50-day moving average price of $24.95 and a 200 day moving average price of $25.10.

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.