Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Declines By 36.7%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 19,491 shares, a drop of 36.7% from the June 30th total of 30,795 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 80,200 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of AB California Intermediate Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Planned Solutions Inc. bought a new position in shares of AB California Intermediate Municipal ETF in the fourth quarter worth approximately $2,641,000. Fifth Third Bancorp bought a new stake in AB California Intermediate Municipal ETF during the first quarter valued at approximately $1,486,000. Bank of America Corp DE lifted its position in AB California Intermediate Municipal ETF by 7.8% during the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after purchasing an additional 26,157 shares during the last quarter. Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $513,000. Finally, Sanctuary Advisors LLC purchased a new position in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $311,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Performance

CAM stock traded down $0.01 during midday trading on Friday, reaching $24.83. 78,344 shares of the company’s stock traded hands, compared to its average volume of 104,499. The firm has a market capitalization of $1.20 billion, a PE ratio of 7.69 and a beta of -0.19. The company has a 50-day moving average price of $25.03 and a two-hundred day moving average price of $25.11. AB California Intermediate Municipal ETF has a 52 week low of $24.73 and a 52 week high of $25.61.

About AB California Intermediate Municipal ETF

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.