AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Large Growth in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 85,880 shares, an increase of 377.1% from the July 30th total of 18,001 shares. Based on an average daily volume of 36,172 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.4% of the company’s shares are sold short.

Institutional Trading of AB Tax-Aware Long Municipal ETF

Several institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in shares of AB Tax-Aware Long Municipal ETF in the 4th quarter worth $3,952,000. Osaic Holdings Inc. grew its position in AB Tax-Aware Long Municipal ETF by 8,003.6% during the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock valued at $2,026,000 after acquiring an additional 80,036 shares during the period. Jane Street Group LLC purchased a new stake in AB Tax-Aware Long Municipal ETF during the fourth quarter valued at about $1,137,000. Alliancebernstein L.P. grew its position in AB Tax-Aware Long Municipal ETF by 3.2% during the third quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock valued at $19,019,000 after acquiring an additional 23,351 shares during the period. Finally, Koshinski Asset Management Inc. increased its stake 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 acquiring an additional 9,983 shares during the last quarter.

AB Tax-Aware Long Municipal ETF Stock Performance

TAFL stock traded down $0.03 on Wednesday, hitting $24.72. 1,287 shares of the company were exchanged, compared to its average volume of 14,986. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.97 and a twelve month high of $25.55. The business’s fifty day moving average is $24.98 and its two-hundred day moving average is $25.01.

About AB Tax-Aware Long Municipal ETF

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.