AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Up 174.0% in January

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 269,636 shares, a growth of 174.0% from the December 31st total of 98,390 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 369,843 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 369,843 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

NYSEARCA TAFI traded down $0.01 during trading on Thursday, hitting $25.37. 551,170 shares of the company’s stock traded hands, compared to its average volume of 334,890. The stock has a fifty day moving average of $25.27 and a two-hundred day moving average of $25.25. AB Tax-Aware Short Duration Municipal ETF has a 12-month low of $24.55 and a 12-month high of $25.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AB Tax-Aware Short Duration Municipal ETF stock. JPMorgan Chase & Co. raised its position in shares of AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 748,108 shares of the company’s stock after acquiring an additional 51,147 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.94% of AB Tax-Aware Short Duration Municipal ETF worth $18,957,000 at the end of the most recent quarter.

AB Tax-Aware Short Duration Municipal ETF Company Profile

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.