AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Shares Shorted: Short Interest Up 3,531.7% in October

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 5,266 shares, an increase of 3,531.7% from the October 15th total of 145 shares. Based on an average trading volume of 21,469 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

AB Tax-Aware Long Municipal ETF Trading Down 0.2%

TAFL stock traded down $0.05 during mid-day trading on Tuesday, reaching $24.27. The company’s stock had a trading volume of 5,396 shares, compared to its average volume of 18,386. AB Tax-Aware Long Municipal ETF has a 12 month low of $23.04 and a 12 month high of $25.55. The business’s 50 day moving average price is $23.83 and its 200 day moving average price is $24.71.

Institutional Investors Weigh In On AB Tax-Aware Long Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harbour Investments Inc. bought a new stake in AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at $72,000. Tortoise Investment Management LLC purchased a new stake in shares of AB Tax-Aware Long Municipal ETF during the third quarter valued at approximately $620,000. Commonwealth Equity Services LLC bought a new stake in shares of AB Tax-Aware Long Municipal ETF during the 3rd quarter worth $1,787,000. Envestnet Asset Management Inc. raised its position in AB Tax-Aware Long Municipal ETF by 30.3% in the second quarter. Envestnet Asset Management Inc. now owns 93,872 shares of the company’s stock worth $2,378,000 after acquiring an additional 21,829 shares during the period. Finally, Heck Capital Advisors LLC lifted its stake in 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 purchasing an additional 807 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.