American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) Sees Large Increase in Short Interest

American Century Diversified Municipal Bond ETF (NYSEARCA:TAXF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 24,828 shares, an increase of 235.0% from the December 15th total of 7,411 shares. Based on an average daily volume of 39,471 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 39,471 shares, the days-to-cover ratio is currently 0.6 days.

American Century Diversified Municipal Bond ETF Stock Performance

NYSEARCA TAXF traded down $0.01 on Tuesday, reaching $50.72. 16,380 shares of the company were exchanged, compared to its average volume of 46,612. The business’s fifty day moving average price is $50.50 and its 200 day moving average price is $49.84. American Century Diversified Municipal Bond ETF has a fifty-two week low of $46.58 and a fifty-two week high of $50.94.

Institutional Investors Weigh In On American Century Diversified Municipal Bond ETF

A number of hedge funds have recently modified their holdings of the company. GEM Asset Management LLC raised its holdings in shares of American Century Diversified Municipal Bond ETF by 2.2% in the 4th quarter. GEM Asset Management LLC now owns 67,754 shares of the company’s stock valued at $3,433,000 after buying an additional 1,452 shares during the period. Dynamic Advisor Solutions LLC increased its stake in American Century Diversified Municipal Bond ETF by 5.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 127,063 shares of the company’s stock worth $6,401,000 after purchasing an additional 6,414 shares during the period. Melone Private Wealth LLC increased its stake in American Century Diversified Municipal Bond ETF by 83.6% during the fourth quarter. Melone Private Wealth LLC now owns 16,300 shares of the company’s stock worth $821,000 after purchasing an additional 7,424 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of American Century Diversified Municipal Bond ETF during the third quarter worth about $232,000. Finally, First Affirmative Financial Network lifted its position in shares of American Century Diversified Municipal Bond ETF by 39.5% during the third quarter. First Affirmative Financial Network now owns 19,392 shares of the company’s stock worth $974,000 after purchasing an additional 5,488 shares in the last quarter.

American Century Diversified Municipal Bond ETF Company Profile

The American Century Diversified Municipal Bond ETF (TAXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. TAXF was launched on Sep 10, 2018 and is managed by American Century Investments.