AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Short Interest Down 92.9% in August

by · The Markets Daily

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,062 shares, a drop of 92.9% from the August 15th total of 85,880 shares. Based on an average trading volume of 13,004 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

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

A number of hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of AB Tax-Aware Long Municipal ETF in the fourth quarter worth approximately $70,000. Jane Street Group LLC lifted its holdings in AB Tax-Aware Long Municipal ETF by 5.7% in the 2nd 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. Commonwealth Equity Services LLC boosted its stake in AB Tax-Aware Long Municipal ETF by 46.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,946 shares of the company’s stock worth $449,000 after purchasing an additional 5,725 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of AB Tax-Aware Long Municipal ETF by 91.0% during the first quarter. Koshinski Asset Management Inc. now owns 20,959 shares of the company’s stock worth $521,000 after buying an additional 9,983 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of AB Tax-Aware Long Municipal ETF by 8,003.6% during the fourth quarter. Osaic Holdings Inc. now owns 81,036 shares of the company’s stock worth $2,026,000 after buying an additional 80,036 shares in the last quarter.

AB Tax-Aware Long Municipal ETF Stock Performance

TAFL traded up $0.07 during midday trading on Friday, hitting $24.07. 138,345 shares of the company traded hands, compared to its average volume of 15,464. The business has a 50 day simple moving average of $24.76 and a two-hundred day simple moving average of $24.94. AB Tax-Aware Long Municipal ETF has a 52-week low of $23.97 and a 52-week high of $25.55.

AB Tax-Aware Long Municipal ETF Company Profile

(Get Free Report)

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.

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