AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Update

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 6,062 shares, a decrease of 92.9% from the August 15th total of 85,880 shares. Based on an average trading volume of 13,004 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

AB Tax-Aware Long Municipal ETF Stock Up 0.6%

Shares of NYSEARCA:TAFL traded up $0.14 on Friday, hitting $24.14. The stock had a trading volume of 39,738 shares, compared to its average volume of 14,812. AB Tax-Aware Long Municipal ETF has a twelve month low of $23.97 and a twelve month high of $25.55. The firm’s 50 day moving average price is $24.79 and its 200-day moving average price is $24.95.

Hedge Funds Weigh In On AB Tax-Aware Long Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in AB Tax-Aware Long Municipal ETF by 5.7% in the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock worth $259,000 after purchasing an additional 565 shares in the last quarter. Heck Capital Advisors LLC increased its stake in shares of AB Tax-Aware Long Municipal ETF by 0.6% in the second quarter. Heck Capital Advisors LLC now owns 138,037 shares of the company’s stock valued at $3,497,000 after buying an additional 807 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter valued at $70,000. Commonwealth Equity Services LLC increased its stake in shares of AB Tax-Aware Long Municipal ETF by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after buying an additional 5,725 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% in the first quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock valued at $521,000 after buying an additional 9,983 shares during the last quarter.

About AB Tax-Aware Long Municipal ETF

The AB Tax-Aware Long Municipal ETF (TAFL) 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 7 to 14 years. TAFL was launched on Dec 13, 2023 and is issued by AB Funds.