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

AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 127,195 shares, a growth of 198.8% from the November 30th total of 42,574 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 87,344 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of AB Tax-Aware Intermediate Municipal ETF

Several large investors have recently added to or reduced their stakes in TAFM. Alliancebernstein L.P. increased its position in AB Tax-Aware Intermediate Municipal ETF by 49.2% during the first quarter. Alliancebernstein L.P. now owns 5,060,187 shares of the company’s stock worth $127,340,000 after purchasing an additional 1,668,330 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF in the 1st quarter valued at approximately $2,059,000. Jane Street Group LLC increased its holdings in shares of AB Tax-Aware Intermediate Municipal ETF by 1,257.2% during the 1st quarter. Jane Street Group LLC now owns 136,208 shares of the company’s stock worth $3,428,000 after buying an additional 126,172 shares during the last quarter. LVW Advisors LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 8.3% during the 2nd quarter. LVW Advisors LLC now owns 879,311 shares of the company’s stock valued at $21,915,000 after buying an additional 67,464 shares during the period. Finally, Leverty Financial Group LLC raised its position in shares of AB Tax-Aware Intermediate Municipal ETF by 3.4% during the 2nd quarter. Leverty Financial Group LLC now owns 324,172 shares of the company’s stock valued at $8,079,000 after buying an additional 10,666 shares during the period.

AB Tax-Aware Intermediate Municipal ETF Price Performance

Shares of NYSEARCA TAFM traded up $0.02 during mid-day trading on Friday, reaching $25.51. The company’s stock had a trading volume of 2,398 shares, compared to its average volume of 88,108. The stock has a 50-day moving average of $25.53 and a two-hundred day moving average of $25.15. AB Tax-Aware Intermediate Municipal ETF has a 1-year low of $24.04 and a 1-year high of $25.85.

AB Tax-Aware Intermediate Municipal ETF Company Profile

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.