AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Large Increase in Short Interest

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 3,550 shares, a growth of 84.0% from the December 15th total of 1,929 shares. Based on an average daily volume of 21,892 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 21,892 shares, the short-interest ratio is presently 0.2 days.

AB Tax-Aware Long Municipal ETF Price Performance

Shares of NYSEARCA:TAFL traded down $0.01 on Friday, hitting $25.16. The company had a trading volume of 378 shares, compared to its average volume of 12,616. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.40 and a 1-year high of $25.49. The stock has a 50 day moving average price of $25.09 and a 200 day moving average price of $24.76.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAFL. Alliancebernstein L.P. grew its stake in AB Tax-Aware Long Municipal ETF by 3.2% in the third quarter. Alliancebernstein L.P. now owns 760,923 shares of the company’s stock valued at $19,019,000 after acquiring an additional 23,351 shares during the period. McAdam LLC bought a new position in AB Tax-Aware Long Municipal ETF in the 2nd quarter valued at $2,533,000. Heck Capital Advisors LLC bought a new position in shares of AB Tax-Aware Long Municipal ETF in the third quarter worth approximately $2,102,000. Advisory Resource Group lifted its stake in AB Tax-Aware Long Municipal ETF by 9.4% during the third quarter. Advisory Resource Group now owns 79,903 shares of the company’s stock worth $1,997,000 after purchasing an additional 6,844 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of AB Tax-Aware Long Municipal ETF by 20.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 64,611 shares of the company’s stock valued at $1,622,000 after purchasing an additional 11,116 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.