BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Short Interest Down 84.2% in April

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 600 shares, a drop of 84.2% from the March 31st total of 3,800 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TriaGen Wealth Management LLC bought a new position in BlackRock Short-Term California Muni Bond ETF during the first quarter worth about $258,000. Compass Wealth Management LLC bought a new position in BlackRock Short-Term California Muni Bond ETF during the first quarter worth about $130,000. Manhattan West Asset Management LLC acquired a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the fourth quarter worth approximately $1,146,000. Citizens Financial Group Inc. RI acquired a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the fourth quarter worth approximately $3,424,000. Finally, Elmwood Wealth Management Inc. acquired a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the fourth quarter worth approximately $440,000.

BlackRock Short-Term California Muni Bond ETF Stock Down 0.1 %

CALY traded down $0.04 during midday trading on Thursday, reaching $50.12. 5,126 shares of the company’s stock were exchanged, compared to its average volume of 5,322. BlackRock Short-Term California Muni Bond ETF has a one year low of $49.68 and a one year high of $50.50. The business has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $50.15.

BlackRock Short-Term California Muni Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.1336 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, April 1st.

About BlackRock Short-Term California Muni Bond ETF

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.