American Century California Municipal Bond ETF (NYSEARCA:CATF) Sees Large Drop in Short Interest

American Century California Municipal Bond ETF (NYSEARCA:CATF) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 7,776 shares, a decline of 87.2% from the October 15th total of 60,947 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 29,487 shares, the days-to-cover ratio is currently 0.3 days.

American Century California Municipal Bond ETF Stock Up 0.3%

CATF stock traded up $0.14 on Wednesday, hitting $49.19. The company’s stock had a trading volume of 13,021 shares, compared to its average volume of 15,911. The firm has a 50 day moving average of $48.19 and a two-hundred day moving average of $49.62. American Century California Municipal Bond ETF has a 1 year low of $46.75 and a 1 year high of $51.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballast Rock Private Wealth LLC raised its stake in shares of American Century California Municipal Bond ETF by 0.9% during the 3rd quarter. Ballast Rock Private Wealth LLC now owns 41,818 shares of the company’s stock worth $1,975,000 after buying an additional 366 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in American Century California Municipal Bond ETF by 39.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,726 shares of the company’s stock worth $288,000 after buying an additional 1,624 shares during the last quarter. Wealthgarden F.S. LLC grew its holdings in American Century California Municipal Bond ETF by 19.0% in the first quarter. Wealthgarden F.S. LLC now owns 15,069 shares of the company’s stock valued at $751,000 after purchasing an additional 2,408 shares during the period. Clifford Swan Investment Counsel LLC acquired a new stake in shares of American Century California Municipal Bond ETF during the 1st quarter worth $274,000. Finally, Cooper Capital Advisors LLC raised its holdings in shares of American Century California Municipal Bond ETF by 20.8% in the 3rd quarter. Cooper Capital Advisors LLC now owns 38,745 shares of the company’s stock worth $1,830,000 after purchasing an additional 6,666 shares during the period.

American Century California Municipal Bond ETF Company Profile

The American Century California Municipal Bond ETF (CATF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that mainly invests in municipal securities of any maturity, with interest income that are exempt from federal and California state income tax. CATF was launched on Jul 16, 2024 and is issued by American Century Investments.