AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) Shares Shorted: Short Interest Up 1,379.6% in October

AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 116,532 shares, a growth of 1,379.6% from the October 15th total of 7,876 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 611,557 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AB Tax-Aware Short Duration Municipal ETF stock. CoreCap Advisors LLC purchased a new stake in AB Tax-Aware Short Duration Municipal ETF (NYSEARCA:TAFI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,983 shares of the company’s stock, valued at approximately $270,000.

AB Tax-Aware Short Duration Municipal ETF Stock Performance

Shares of TAFI stock traded up $0.07 during mid-day trading on Tuesday, reaching $25.10. 565,418 shares of the stock traded hands, compared to its average volume of 530,126. The stock’s fifty day simple moving average is $24.80 and its two-hundred day simple moving average is $25.10. AB Tax-Aware Short Duration Municipal ETF has a 1-year low of $24.47 and a 1-year high of $25.65.

AB Tax-Aware Short Duration Municipal ETF Company Profile

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.