AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Sees Significant Decline in Short Interest
by Jessica Moore · The Cerbat GemAB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 15,163 shares, a drop of 60.0% from the March 31st total of 37,901 shares. Based on an average daily volume of 22,278 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the shares of the stock are short sold.
AB Tax-Aware Long Municipal ETF Trading Down 0.0%
TAFL stock traded down $0.01 during midday trading on Friday, reaching $25.15. 6,831 shares of the company’s stock traded hands, compared to its average volume of 14,850. The company has a 50-day simple moving average of $25.04 and a two-hundred day simple moving average of $25.09. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.84 and a 1-year high of $25.55.
Institutional Trading of AB Tax-Aware Long Municipal ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter valued at approximately $70,000. Jane Street Group LLC increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 5.7% in the second quarter. Jane Street Group LLC now owns 10,553 shares of the company’s stock valued at $259,000 after purchasing an additional 565 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of AB Tax-Aware Long Municipal ETF in the third quarter valued at approximately $274,000. Commonwealth Equity Services LLC increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 46.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock valued at $449,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its holdings in shares of AB Tax-Aware Long Municipal ETF by 32.0% in the third quarter. Capital Investment Counsel Inc now owns 33,000 shares of the company’s stock valued at $825,000 after purchasing an additional 8,000 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.