AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Stock Short Interest Falls 69.2%

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 50,393 shares, a drop of 69.2% from the September 15th total of 163,697 shares. Based on an average daily volume of 793,848 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of AB Tax-Aware Short Duration Municipal ETF

Several hedge funds have recently added to or reduced their stakes in TAFI. Farther Finance Advisors LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the third quarter worth $130,000. CoreCap Advisors LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the third quarter valued at $270,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of AB Tax-Aware Short Duration Municipal ETF during the first quarter valued at $93,000.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of TAFI traded down $0.01 during mid-day trading on Monday, reaching $24.61. 369,367 shares of the company’s stock traded hands, compared to its average volume of 499,647. The business’s 50-day moving average price is $24.89 and its 200-day moving average price is $25.07. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.47 and a 12 month high of $25.65.

About AB Tax-Aware Short Duration Municipal ETF

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.