Short Interest in AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) Decreases By 20.7%

AB Tax-Aware Long Municipal ETF (NYSEARCA:TAFL) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 22,703 shares, a decrease of 20.7% from the February 26th total of 28,627 shares. Based on an average daily volume of 10,039 shares, the short-interest ratio is presently 2.3 days. Currently, 1.1% of the company’s stock are sold short.

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

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of 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 during the last quarter. Advisory Resource Group boosted its stake in AB Tax-Aware Long Municipal ETF by 9.4% in the 3rd 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 in the last quarter. Heck Capital Advisors LLC purchased a new stake in AB Tax-Aware Long Municipal ETF during the 3rd quarter worth approximately $2,102,000. Capital Investment Counsel Inc increased its stake in AB Tax-Aware Long Municipal ETF by 32.0% during the 3rd 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. Finally, Koshinski Asset Management Inc. acquired a new position in AB Tax-Aware Long Municipal ETF during the 3rd quarter valued at approximately $274,000.

AB Tax-Aware Long Municipal ETF Price Performance

AB Tax-Aware Long Municipal ETF stock opened at $24.67 on Friday. AB Tax-Aware Long Municipal ETF has a 1-year low of $23.40 and a 1-year high of $25.55. The business has a fifty day moving average price of $25.08 and a 200-day moving average price of $25.09.

AB Tax-Aware Long Municipal ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0856 dividend. This is a boost from AB Tax-Aware Long Municipal ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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.