AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Update

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 25,188 shares, a growth of 107.7% from the April 30th total of 12,128 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 9,254 shares, the days-to-cover ratio is presently 2.7 days.

Hedge Funds Weigh In On AB Tax-Aware Long Municipal ETF

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in AB Tax-Aware Long Municipal ETF by 5.7% in the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after acquiring an additional 565 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of AB Tax-Aware Long Municipal ETF during the fourth quarter worth about $70,000. Commonwealth Equity Services LLC raised its holdings in AB Tax-Aware Long Municipal ETF by 46.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock worth $449,000 after purchasing an additional 5,725 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in AB Tax-Aware Long Municipal ETF by 21.2% during the fourth quarter. Capital Investment Counsel Inc now owns 40,000 shares of the company’s stock worth $1,000,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in AB Tax-Aware Long Municipal ETF by 91.0% during the first quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after purchasing an additional 9,983 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Stock Performance

AB Tax-Aware Long Municipal ETF stock opened at $25.06 on Monday. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.84 and a 1-year high of $25.55. The stock’s fifty day moving average is $24.93 and its two-hundred day moving average is $25.05.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.