American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Significant Decrease in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 37,432 shares, a drop of 62.7% from the April 30th total of 100,274 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 41,432 shares, the short-interest ratio is presently 0.9 days.

American Century Diversified Municipal Bond ETF Stock Performance

Shares of TAXF stock opened at $50.59 on Friday. The firm has a 50 day moving average price of $50.29 and a two-hundred day moving average price of $50.54. American Century Diversified Municipal Bond ETF has a 12-month low of $48.34 and a 12-month high of $51.42.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

Several hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in shares of American Century Diversified Municipal Bond ETF by 3.8% during the fourth quarter. CWM LLC now owns 1,389,743 shares of the company’s stock worth $70,015,000 after buying an additional 51,206 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of American Century Diversified Municipal Bond ETF by 4.7% during the fourth quarter. LPL Financial LLC now owns 649,182 shares of the company’s stock worth $32,706,000 after buying an additional 28,876 shares in the last quarter. Goldstein Advisors LLC lifted its holdings in shares of American Century Diversified Municipal Bond ETF by 3.6% during the fourth quarter. Goldstein Advisors LLC now owns 412,111 shares of the company’s stock worth $20,762,000 after buying an additional 14,382 shares in the last quarter. CX Institutional lifted its holdings in shares of American Century Diversified Municipal Bond ETF by 1.7% during the fourth quarter. CX Institutional now owns 400,348 shares of the company’s stock worth $20,170,000 after buying an additional 6,643 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings 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 buying an additional 355,659 shares in the last quarter.

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.