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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 47,822 shares, an increase of 27.0% from the December 15th total of 37,646 shares. Based on an average daily trading volume, of 55,025 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 55,025 shares, the days-to-cover ratio is currently 0.9 days.

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

NASDAQ CALI traded up $0.02 on Friday, hitting $50.60. 63,167 shares of the company’s stock traded hands, compared to its average volume of 108,579. The firm’s 50-day moving average price is $50.50 and its two-hundred day moving average price is $50.52. The firm has a market capitalization of $245.41 million, a PE ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 1-year low of $49.57 and a 1-year high of $50.78.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.1142 per share. The ex-dividend date of this dividend was Friday, December 19th.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cary Street Partners Financial LLC purchased a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at approximately $1,304,000. Graybill Wealth Management LTD. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $304,000. Farther Finance Advisors LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 2nd quarter worth approximately $242,000. Cheviot Value Management LLC purchased a new position in iShares Short-Term California Muni Active ETF in the second quarter valued at $88,000. Finally, Union Savings Bank raised its position in shares of iShares Short-Term California Muni Active ETF by 34.0% in the second quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after acquiring an additional 1,662 shares during the period.

iShares Short-Term California Muni Active ETF Company Profile

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.