iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Drop in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 17,369 shares, a decrease of 70.7% from the April 30th total of 59,377 shares. Based on an average trading volume of 109,395 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

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

Several large investors have recently made changes to their positions in CALI. JPMorgan Chase & Co. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the third quarter worth $46,000. Cary Street Partners Financial LLC bought a new position in iShares Short-Term California Muni Active ETF in the third quarter valued at $1,304,000. Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF in the third quarter valued at $304,000. Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the fourth quarter valued at $629,000. Finally, Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the fourth quarter valued at $350,000.

iShares Short-Term California Muni Active ETF Trading Up 0.0%

Shares of CALI stock traded up $0.02 during trading hours on Friday, hitting $50.49. 71,588 shares of the company were exchanged, compared to its average volume of 86,538. The business has a 50 day moving average of $50.42 and a two-hundred day moving average of $50.51. iShares Short-Term California Muni Active ETF has a 52 week low of $50.04 and a 52 week high of $50.79. The company has a market capitalization of $295.37 million, a PE ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1159 per share. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st.

About iShares Short-Term California Muni Active ETF

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.