Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Sees Large Growth in Short Interest

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 863,123 shares, a growth of 1,276.7% from the September 15th total of 62,693 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average daily volume of 955,564 shares, the short-interest ratio is presently 0.9 days.

Dimensional California Municipal Bond ETF Stock Performance

Shares of DFCA stock traded up $0.17 during mid-day trading on Friday, reaching $47.83. The company’s stock had a trading volume of 231,867 shares, compared to its average volume of 129,002. The company’s 50 day simple moving average is $48.85 and its 200-day simple moving average is $49.60. Dimensional California Municipal Bond ETF has a 12-month low of $47.30 and a 12-month high of $50.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Wealth Management LLC grew its stake in shares of Dimensional California Municipal Bond ETF by 5.3% during the first quarter. Johnson Wealth Management LLC now owns 6,165 shares of the company’s stock valued at $307,000 after acquiring an additional 310 shares in the last quarter. Shearwater Capital LLC lifted its stake in shares of Dimensional California Municipal Bond ETF by 12.5% in the second quarter. Shearwater Capital LLC now owns 4,709 shares of the company’s stock worth $236,000 after acquiring an additional 523 shares in the last quarter. Lodestar Private Asset Management LLC lifted its stake in shares of Dimensional California Municipal Bond ETF by 3.3% in the first quarter. Lodestar Private Asset Management LLC now owns 22,852 shares of the company’s stock worth $1,139,000 after acquiring an additional 728 shares in the last quarter. Apella Capital LLC boosted its holdings in Dimensional California Municipal Bond ETF by 14.3% in the second quarter. Apella Capital LLC now owns 10,579 shares of the company’s stock valued at $530,000 after purchasing an additional 1,327 shares during the last quarter. Finally, Red Lighthouse Investment Management LLC boosted its holdings in Dimensional California Municipal Bond ETF by 22.2% in the second quarter. Red Lighthouse Investment Management LLC now owns 11,083 shares of the company’s stock valued at $556,000 after purchasing an additional 2,015 shares during the last quarter.

Dimensional California Municipal Bond ETF Company Profile

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.