iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Decrease in Short Interest

iShares California Muni Bond ETF (NYSEARCA:CMF) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 201,361 shares, a decrease of 84.9% from the October 15th total of 1,332,409 shares. Based on an average daily trading volume, of 1,720,191 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

iShares California Muni Bond ETF Trading Down 0.3%

CMF stock traded down $0.17 during trading on Friday, reaching $55.61. The stock had a trading volume of 1,358,072 shares, compared to its average volume of 906,213. iShares California Muni Bond ETF has a one year low of $53.62 and a one year high of $58.44. The company’s 50 day moving average is $55.05 and its two-hundred day moving average is $56.69.

Institutional Trading of iShares California Muni Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its stake in iShares California Muni Bond ETF by 21.3% during the 1st quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock valued at $352,516,000 after acquiring an additional 1,089,990 shares during the last quarter. Liberty Capital Management Inc. acquired a new stake in shares of iShares California Muni Bond ETF during the 3rd quarter worth approximately $12,344,000. Bessemer Group Inc. bought a new stake in iShares California Muni Bond ETF in the third quarter valued at $12,189,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in iShares California Muni Bond ETF during the 3rd quarter valued at about $9,490,000. Finally, Plancorp LLC acquired a new position in shares of iShares California Muni Bond ETF during the third quarter worth approximately $8,873,000.

About iShares California Muni Bond ETF

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.