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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 31,855 shares, an increase of 217.7% from the May 31st total of 10,026 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 115,257 shares, the days-to-cover ratio is presently 0.3 days.

iShares Short-Term California Muni Active ETF Stock Performance

CALI traded up $0.03 on Monday, reaching $50.54. The company had a trading volume of 54,301 shares, compared to its average volume of 88,338. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $50.79. The stock has a market cap of $295.66 million, a P/E ratio of -149.58 and a beta of 0.05. The company’s fifty day moving average is $50.44 and its 200 day moving average is $50.50.

iShares Short-Term California Muni Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.0963 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 2.3%.

Institutional Trading of iShares Short-Term California Muni Active ETF

A number of institutional investors have recently modified their holdings of the stock. Cary Street Partners Financial LLC lifted its holdings in shares of iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at about $46,000. Graybill Wealth Management LTD. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter valued at approximately $304,000. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $350,000. Finally, Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000.

iShares Short-Term California Muni Active ETF Company Profile

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.