AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Short Interest Update

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 195,331 shares, a decline of 27.6% from the January 15th total of 269,636 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 335,951 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 335,951 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On AB Tax-Aware Short Duration Municipal ETF

Hedge funds have recently modified their holdings of the company. United Community Bank acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the third quarter worth $94,000. Cary Street Partners Financial LLC bought a new stake in shares of AB Tax-Aware Short Duration Municipal ETF in the 4th quarter valued at about $601,000. Finally, JPMorgan Chase & Co. increased its stake in shares of AB Tax-Aware Short Duration Municipal ETF by 55.7% in the second quarter. JPMorgan Chase & Co. now owns 696,961 shares of the company’s stock valued at $17,501,000 after buying an additional 249,468 shares during the period.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA:TAFI opened at $25.43 on Friday. AB Tax-Aware Short Duration Municipal ETF has a 12-month low of $24.55 and a 12-month high of $25.45. The company’s 50 day moving average price is $25.30 and its two-hundred day moving average price is $25.27.

AB Tax-Aware Short Duration Municipal ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.0624 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, February 2nd.

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.