AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 24,849 shares, a growth of 91.7% from the June 30th total of 12,962 shares. Based on an average daily volume of 174,143 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TAFM. Advisory Services Network LLC lifted its stake in shares of AB Tax-Aware Intermediate Municipal ETF by 4.6% in the 2nd quarter. Advisory Services Network LLC now owns 35,242 shares of the company’s stock valued at $871,000 after purchasing an additional 1,538 shares during the last quarter. Dynasty Wealth Management LLC increased its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1.3% during the 4th quarter. Dynasty Wealth Management LLC now owns 175,156 shares of the company’s stock valued at $4,452,000 after purchasing an additional 2,311 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in shares of AB Tax-Aware Intermediate Municipal ETF by 1.6% during the 4th quarter. Ausdal Financial Partners Inc. now owns 143,475 shares of the company’s stock valued at $3,647,000 after purchasing an additional 2,314 shares during the last quarter. Osaic Holdings Inc. raised its holdings in AB Tax-Aware Intermediate Municipal ETF by 574.4% during the 2nd quarter. Osaic Holdings Inc. now owns 3,763 shares of the company’s stock valued at $94,000 after buying an additional 3,205 shares during the period. Finally, Comerica Bank purchased a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at $90,000.
AB Tax-Aware Intermediate Municipal ETF Stock Performance
Shares of NYSEARCA:TAFM traded down $0.01 on Friday, reaching $25.18. The company’s stock had a trading volume of 124,174 shares, compared to its average volume of 148,095. AB Tax-Aware Intermediate Municipal ETF has a 52-week low of $24.62 and a 52-week high of $25.93. The company has a 50-day simple moving average of $25.47 and a 200 day simple moving average of $25.51.
About AB Tax-Aware Intermediate Municipal ETF
The AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 4 to 7 years TAFM was launched on Dec 13, 2023 and is issued by AB Funds.
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