AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Update

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 24,071 shares, a drop of 20.5% from the January 15th total of 30,285 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,836 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 30,836 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the shares of the stock are sold short.

AB Tax-Aware Long Municipal ETF Stock Up 0.1%

Shares of NYSEARCA:TAFL traded up $0.02 during trading hours on Monday, hitting $25.20. 865 shares of the company’s stock traded hands, compared to its average volume of 19,582. The business has a fifty day moving average price of $25.07 and a 200-day moving average price of $24.92. AB Tax-Aware Long Municipal ETF has a 1 year low of $23.40 and a 1 year high of $25.49.

AB Tax-Aware Long Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.0837 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TAFL. Kestra Advisory Services LLC purchased a new position in AB Tax-Aware Long Municipal ETF in the fourth quarter valued at about $70,000. Jane Street Group LLC boosted its holdings in shares of AB Tax-Aware Long Municipal ETF by 5.7% in the 2nd quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after buying an additional 565 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of AB Tax-Aware Long Municipal ETF in the 3rd quarter worth approximately $274,000. Commonwealth Equity Services LLC grew its position in shares of AB Tax-Aware Long Municipal ETF by 46.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock worth $449,000 after buying an additional 5,725 shares during the last quarter. Finally, Capital Investment Counsel Inc raised its stake in shares of AB Tax-Aware Long Municipal ETF by 78.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 25,000 shares of the company’s stock worth $612,000 after acquiring an additional 11,000 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Company Profile

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.