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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 46,616 shares, a decline of 49.6% from the September 30th total of 92,576 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 256,484 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of iShares Short-Term California Muni Active ETF

Large investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its holdings in iShares Short-Term California Muni Active ETF by 69.8% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 14,453 shares of the company’s stock worth $720,000 after buying an additional 5,939 shares during the period. Fortitude Family Office LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $2,090,000. Farther Finance Advisors LLC raised its stake in shares of iShares Short-Term California Muni Active ETF by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock valued at $386,000 after buying an additional 875 shares during the last quarter. Shah Wealth Advisors LLC purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the second quarter worth about $322,000. Finally, McIlrath & Eck LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the first quarter worth about $1,390,000.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

Shares of iShares Short-Term California Muni Active ETF stock traded up $0.04 on Friday, reaching $50.26. The stock had a trading volume of 175,134 shares, compared to its average volume of 127,032. The company has a 50 day moving average price of $50.08 and a 200 day moving average price of $50.38. iShares Short-Term California Muni Active ETF has a 1 year low of $49.66 and a 1 year high of $51.39. The stock has a market capitalization of $668.46 million, a P/E ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1043 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.25 annualized dividend and a yield of 2.5%. This is an increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003.

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.