American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Significant Drop in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 16,958 shares, a decline of 75.1% from the September 30th total of 67,972 shares. Based on an average daily volume of 168,785 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

American Century Diversified Municipal Bond ETF Price Performance

Shares of American Century Diversified Municipal Bond ETF stock traded down $0.01 during trading hours on Thursday, reaching $48.61. 108,133 shares of the company’s stock were exchanged, compared to its average volume of 75,493. The business has a fifty day moving average of $48.42 and a two-hundred day moving average of $49.98. American Century Diversified Municipal Bond ETF has a 1 year low of $46.89 and a 1 year high of $51.42.

Institutional Trading of American Century Diversified Municipal Bond ETF

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its position in shares of American Century Diversified Municipal Bond ETF by 6.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,446,137 shares of the company’s stock valued at $124,349,000 after buying an additional 145,628 shares during the period. CX Institutional grew its position in American Century Diversified Municipal Bond ETF by 5.1% in the second quarter. CX Institutional now owns 428,304 shares of the company’s stock worth $21,773,000 after acquiring an additional 20,819 shares during the period. Goldstein Advisors LLC grew its position in American Century Diversified Municipal Bond ETF by 0.6% in the third quarter. Goldstein Advisors LLC now owns 439,195 shares of the company’s stock worth $20,811,000 after acquiring an additional 2,726 shares during the period. IFP Advisors Inc grew its position in American Century Diversified Municipal Bond ETF by 6.8% in the second quarter. IFP Advisors Inc now owns 148,181 shares of the company’s stock worth $7,533,000 after acquiring an additional 9,463 shares during the period. Finally, ARQ Wealth Advisors LLC increased its stake in American Century Diversified Municipal Bond ETF by 108.0% during the third quarter. ARQ Wealth Advisors LLC now owns 136,207 shares of the company’s stock worth $6,454,000 after acquiring an additional 70,733 shares during the last quarter.

About American Century Diversified Municipal Bond ETF

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.