American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Decline in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the target of a large decrease in short interest in February. As of February 27th, there was short interest totaling 7,881 shares, a decrease of 41.9% from the February 12th total of 13,560 shares. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 29,900 shares, the short-interest ratio is currently 0.3 days.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA TAXF traded down $0.11 during trading hours on Thursday, hitting $50.45. The company had a trading volume of 37,035 shares, compared to its average volume of 45,179. The business has a 50 day moving average of $50.85 and a 200-day moving average of $50.46. American Century Diversified Municipal Bond ETF has a 1-year low of $46.58 and a 1-year high of $51.42.

American Century Diversified Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were issued a $0.193 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from American Century Diversified Municipal Bond ETF’s previous monthly dividend of $0.14.

Institutional Trading of American Century Diversified Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAXF. Orion Porfolio Solutions LLC raised its stake in shares of American Century Diversified Municipal Bond ETF by 926.8% during the second quarter. Orion Porfolio Solutions LLC now owns 394,034 shares of the company’s stock worth $19,280,000 after purchasing an additional 355,659 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of American Century Diversified Municipal Bond ETF by 477.4% in the second quarter. Jane Street Group LLC now owns 319,153 shares of the company’s stock valued at $15,616,000 after acquiring an additional 263,876 shares in the last quarter. CWM LLC increased its stake in shares of American Century Diversified Municipal Bond ETF by 19.2% during the third quarter. CWM LLC now owns 1,338,537 shares of the company’s stock worth $67,235,000 after acquiring an additional 215,597 shares during the period. CX Institutional increased its stake in shares of American Century Diversified Municipal Bond ETF by 34.8% during the third quarter. CX Institutional now owns 393,705 shares of the company’s stock worth $19,776,000 after acquiring an additional 101,677 shares during the period. Finally, Pursuit Wealth Management LLC purchased a new position in American Century Diversified Municipal Bond ETF during the fourth quarter worth about $4,108,000.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.