AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Update

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 91,465 shares, a growth of 157.7% from the August 15th total of 35,486 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 533,341 shares, the days-to-cover ratio is presently 0.2 days.

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

AB Tax-Aware Short Duration Municipal ETF stock traded down $0.01 during mid-day trading on Tuesday, hitting $24.84. The company had a trading volume of 83,581 shares, compared to its average volume of 439,659. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.82 and a 12 month high of $25.65. The stock’s 50 day moving average price is $25.06 and its two-hundred day moving average price is $25.16.

Institutional Inflows and Outflows

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

About AB Tax-Aware Short Duration Municipal ETF

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.