AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,969 shares, a drop of 55.1% from the September 15th total of 4,382 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 21,676 shares, the days-to-cover ratio is currently 0.1 days.
AB Tax-Aware Long Municipal ETF Trading Up 0.8%
Shares of TAFL stock traded up $0.18 on Tuesday, reaching $23.43. 50,599 shares of the stock were exchanged, compared to its average volume of 17,353. The firm has a 50 day moving average of $24.17 and a two-hundred day moving average of $24.71. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.04 and a 1-year high of $25.55.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in AB Tax-Aware Long Municipal ETF by 30.3% during the second quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after buying an additional 21,829 shares during the period. Heck Capital Advisors LLC increased its position 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 worth $3,497,000 after acquiring an additional 807 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock valued at $521,000 after acquiring an additional 9,983 shares in the last quarter.
AB Tax-Aware Long Municipal ETF Company Profile
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.
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