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 significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 14,604 shares, an increase of 128.1% from the June 30th total of 6,402 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 129,292 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at $46,000. Diversified Portfolios Inc. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the fourth quarter worth $629,000. Cary Street Partners Financial LLC lifted its stake in shares of iShares Short-Term California Muni Active ETF by 1.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after acquiring an additional 500 shares during the period. Union Savings Bank acquired a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at $350,000. Finally, McIlrath & Eck LLC bought a new position in iShares Short-Term California Muni Active ETF in the first quarter valued at about $1,390,000.

iShares Short-Term California Muni Active ETF Stock Performance

iShares Short-Term California Muni Active ETF stock traded up $0.01 on Tuesday, reaching $50.38. The company’s stock had a trading volume of 18,775 shares, compared to its average volume of 92,239. The company has a market cap of $425.71 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The business’s fifty day moving average price is $50.43 and its 200 day moving average price is $50.50. iShares Short-Term California Muni Active ETF has a twelve month low of $50.04 and a twelve month high of $51.39.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.1046 dividend. The ex-dividend date of this dividend was Wednesday, July 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.