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

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 67,405 shares, an increase of 1,203.8% from the July 30th total of 5,170 shares. Based on an average daily trading volume, of 295,308 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA:TAFM traded up $0.05 during trading on Tuesday, reaching $25.15. The company had a trading volume of 283,177 shares, compared to its average volume of 164,967. The company has a fifty day moving average of $25.37 and a two-hundred day moving average of $25.46. AB Tax-Aware Intermediate Municipal ETF has a 12 month low of $24.62 and a 12 month high of $25.93.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in AB Tax-Aware Intermediate Municipal ETF by 21.9% in the fourth quarter. Truist Financial Corp now owns 277,440 shares of the company’s stock worth $7,053,000 after purchasing an additional 49,930 shares during the last quarter. Comerica Bank bought a new position in shares of AB Tax-Aware Intermediate Municipal ETF during the fourth quarter valued at about $90,000. Concurrent Investment Advisors LLC increased its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 23.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 80,187 shares of the company’s stock worth $2,038,000 after buying an additional 15,086 shares during the period. Barnes Pettey Financial Advisors LLC bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 4th quarter valued at about $802,000. Finally, Fifth Third Bancorp bought a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at about $89,000.

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.