AB Tax-Aware Intermediate Municipal ETF (NYSEARCA:TAFM – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,520 shares, a decline of 94.8% from the August 15th total of 67,405 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 284,175 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On AB Tax-Aware Intermediate Municipal ETF
A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in shares of AB Tax-Aware Intermediate Municipal ETF during the first quarter valued at approximately $89,000. Comerica Bank purchased a new position in shares of AB Tax-Aware Intermediate Municipal ETF in the fourth quarter worth $90,000. 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 last quarter. Huntington National Bank bought a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at $227,000. Finally, OLD Mission Capital LLC purchased a new stake in AB Tax-Aware Intermediate Municipal ETF during the 4th quarter valued at $392,000.
AB Tax-Aware Intermediate Municipal ETF Trading Down 0.5%
Shares of NYSEARCA TAFM traded down $0.13 during midday trading on Thursday, reaching $24.57. The company had a trading volume of 219,492 shares, compared to its average volume of 169,149. AB Tax-Aware Intermediate Municipal ETF has a one year low of $24.50 and a one year high of $25.93. The firm’s fifty day moving average price is $25.19 and its 200-day moving average price is $25.39.
AB Tax-Aware Intermediate Municipal ETF Company Profile
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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