iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Growth in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 47,823 shares, an increase of 346.4% from the February 12th total of 10,712 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 63,692 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 63,692 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.9% of the shares of the company are sold short.

iShares Short-Term California Muni Active ETF Stock Up 0.0%

Shares of NASDAQ:CALI traded up $0.02 during trading on Thursday, hitting $50.57. 39,736 shares of the company traded hands, compared to its average volume of 75,140. The business’s fifty day moving average is $50.61 and its 200-day moving average is $50.58. The stock has a market capitalization of $260.44 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a one year low of $49.57 and a one year high of $50.79.

iShares Short-Term California Muni Active ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.099 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.3%.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several hedge funds have recently bought and sold shares of CALI. Cary Street Partners Financial LLC bought a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter worth about $1,304,000. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter worth approximately $629,000. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter worth approximately $350,000. Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter worth approximately $304,000. Finally, Cheviot Value Management LLC acquired a new stake in iShares Short-Term California Muni Active ETF in the 2nd quarter valued at approximately $88,000.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.