iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Stock Short Interest Declines 38.6%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 64,050 shares, a decrease of 38.6% from the August 31st total of 104,397 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 147,961 shares, the short-interest ratio is presently 0.4 days.

iShares Short-Term California Muni Active ETF Stock Performance

CALI stock opened at $49.76 on Thursday. The company has a market cap of $537.35 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The business’s 50-day moving average is $50.25 and its two-hundred day moving average is $50.37. iShares Short-Term California Muni Active ETF has a fifty-two week low of $49.66 and a fifty-two week high of $51.39.

iShares Short-Term California Muni Active ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a $0.1043 dividend. The ex-dividend date is Thursday, October 1st. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 annualized dividend and a yield of 2.5%.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of CALI. McIlrath & Eck LLC bought a new stake in iShares Short-Term California Muni Active ETF during the first quarter valued at about $1,390,000. Union Savings Bank purchased a new stake in iShares Short-Term California Muni Active ETF in the fourth quarter worth about $350,000. Finally, Shah Wealth Advisors LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the second quarter worth about $322,000.

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.