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

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 95,216 shares, a drop of 71.8% from the February 12th total of 338,188 shares. Based on an average daily volume of 325,834 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 325,834 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC increased its holdings in AB Tax-Aware Short Duration Municipal ETF by 22.2% in the 4th quarter. Advisory Services Network LLC now owns 81,922 shares of the company’s stock worth $2,065,000 after acquiring an additional 14,889 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of AB Tax-Aware Short Duration Municipal ETF by 18.7% in the fourth quarter. JPMorgan Chase & Co. now owns 888,222 shares of the company’s stock worth $22,392,000 after purchasing an additional 140,114 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of AB Tax-Aware Short Duration Municipal ETF in the fourth quarter worth approximately $601,000. Finally, United Community Bank purchased a new stake in shares of AB Tax-Aware Short Duration Municipal ETF in the third quarter worth $94,000.

AB Tax-Aware Short Duration Municipal ETF Price Performance

NYSEARCA TAFI traded down $0.01 on Thursday, hitting $25.27. 269,574 shares of the company traded hands, compared to its average volume of 348,799. The business’s 50 day moving average price is $25.35 and its 200-day moving average price is $25.30. AB Tax-Aware Short Duration Municipal ETF has a 52-week low of $24.55 and a 52-week high of $25.52.

AB Tax-Aware Short Duration Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.0626 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. This is an increase from AB Tax-Aware Short Duration Municipal ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, March 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.