AB California Intermediate Municipal ETF (NYSEARCA:CAM) Stock Short Interest Drops 95.9%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 947 shares, a decline of 95.9% from the August 31st total of 23,072 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 148,310 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the second quarter worth about $224,000. NWF Advisory Services Inc. purchased a new position in AB California Intermediate Municipal ETF in the second quarter worth approximately $213,000. Bank of America Corp DE grew its holdings in AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after acquiring an additional 26,157 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in AB California Intermediate Municipal ETF during the 1st quarter worth approximately $311,000. Finally, Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Price Performance

Shares of NYSEARCA CAM traded down $0.13 during mid-day trading on Thursday, hitting $24.17. The company had a trading volume of 205,971 shares, compared to its average volume of 115,486. The company has a market capitalization of $1.18 billion, a PE ratio of 7.48 and a beta of -0.28. AB California Intermediate Municipal ETF has a 1-year low of $24.16 and a 1-year high of $25.61. The business’s 50-day simple moving average is $24.73 and its 200 day simple moving average is $24.94.

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.