AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Sees Significant Growth in Short Interest

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 163,697 shares, an increase of 79.0% from the August 31st total of 91,465 shares. Based on an average daily volume of 697,580 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On AB Tax-Aware Short Duration Municipal ETF

A hedge fund recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. Princeton Global Asset Management LLC purchased a new position in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 3,684 shares of the company’s stock, valued at approximately $93,000.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

TAFI traded up $0.09 during trading on Wednesday, hitting $24.58. The stock had a trading volume of 1,014,059 shares, compared to its average volume of 463,979. AB Tax-Aware Short Duration Municipal ETF has a 12 month low of $24.47 and a 12 month high of $25.65. The company has a 50 day simple moving average of $24.96 and a 200-day simple moving average of $25.10.

About AB Tax-Aware Short Duration Municipal ETF

The Ab Tax-Aware Short Duration ETF (TAFI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that primarily invests in investment-grade municipal bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than three years. TAFI was launched on Sep 13, 2022 and is managed by AB Funds.