AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Sees Significant Decrease in Short Interest

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 16,767 shares, a decline of 57.5% from the April 30th total of 39,435 shares. Based on an average trading volume of 139,372 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

A number of large investors have recently added to or reduced their stakes in TAFM. Alliancebernstein L.P. grew its position in AB Tax-Aware Intermediate Municipal ETF by 30.7% in the third quarter. Alliancebernstein L.P. now owns 7,568,438 shares of the company’s stock worth $192,390,000 after buying an additional 1,777,968 shares during the last quarter. LVW Advisors LLC lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 4.0% during the 4th quarter. LVW Advisors LLC now owns 1,005,869 shares of the company’s stock valued at $25,569,000 after acquiring an additional 38,423 shares during the last quarter. LPL Financial LLC boosted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 23.5% during the 4th quarter. LPL Financial LLC now owns 768,299 shares of the company’s stock worth $19,530,000 after acquiring an additional 146,268 shares in the last quarter. HighTower Advisors LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 555,602 shares of the company’s stock worth $14,123,000 after purchasing an additional 5,009 shares during the period. Finally, FSM Wealth Advisors LLC lifted its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 23.9% during the fourth quarter. FSM Wealth Advisors LLC now owns 443,104 shares of the company’s stock valued at $11,264,000 after purchasing an additional 85,612 shares during the last quarter.

AB Tax-Aware Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:TAFM traded up $0.04 during trading hours on Friday, hitting $25.56. 217,222 shares of the company’s stock traded hands, compared to its average volume of 134,733. The company’s fifty day simple moving average is $25.39 and its two-hundred day simple moving average is $25.52. AB Tax-Aware Intermediate Municipal ETF has a 52 week low of $24.51 and a 52 week high of $25.93.

About AB Tax-Aware Intermediate Municipal ETF

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.