AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) Short Interest Update

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 16,767 shares, a decrease of 57.5% from the April 30th total of 39,435 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 139,372 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in TAFM. Advisory Services Network LLC lifted its position in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% in the second quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock worth $871,000 after buying an additional 1,538 shares during the last quarter. Dynasty Wealth Management LLC grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 1.3% in the 4th quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock valued at $4,452,000 after buying an additional 2,311 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in AB Tax-Aware Intermediate Municipal ETF by 1.6% in the 4th quarter. Ausdal Financial Partners Inc. now owns 143,475 shares of the company’s stock valued at $3,647,000 after buying an additional 2,314 shares during the last quarter. Osaic Holdings Inc. increased its position in AB Tax-Aware Intermediate Municipal ETF by 574.4% in 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 period. Finally, Comerica Bank acquired a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter worth approximately $90,000.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA TAFM traded up $0.04 during mid-day trading on Friday, reaching $25.56. The company had a trading volume of 217,222 shares, compared to its average volume of 134,733. The stock has a fifty day moving average of $25.39 and a two-hundred day moving average of $25.52. AB Tax-Aware Intermediate Municipal ETF has a 12-month low of $24.51 and a 12-month 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.