AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Large Increase in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 51,646 shares, a growth of 444.1% from the April 15th total of 9,492 shares. Based on an average daily trading volume, of 126,357 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

A number of hedge funds have recently added to or reduced their stakes in CAM. Planned Solutions Inc. bought a new position in shares of AB California Intermediate Municipal ETF in the 4th quarter worth about $2,641,000. Diversify Wealth Management LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Fifth Third Bancorp bought a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $1,486,000. Sanctuary Advisors LLC bought a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $311,000. Finally, Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Trading Down 0.1%

Shares of CAM opened at $24.97 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 7.73 and a beta of -0.20. The stock has a 50 day moving average of $25.06 and a 200-day moving average of $25.15. AB California Intermediate Municipal ETF has a 52 week low of $24.85 and a 52 week high of $25.61.

AB California Intermediate Municipal ETF Company Profile

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.