iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 31.7% in January

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 62,995 shares, an increase of 31.7% from the December 31st total of 47,822 shares. Based on an average daily volume of 111,705 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.3% of the company’s stock are sold short. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 111,705 shares, the days-to-cover ratio is presently 0.6 days.

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

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the third quarter worth about $46,000. Union Savings Bank lifted its stake in 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 last quarter. Cheviot Value Management LLC acquired a new position in iShares Short-Term California Muni Active ETF during the 2nd quarter worth approximately $88,000. Graybill Wealth Management LTD. purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at approximately $304,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at $1,304,000.

iShares Short-Term California Muni Active ETF Trading Down 0.2%

CALI traded down $0.08 during trading hours on Monday, hitting $50.57. 97,062 shares of the company’s stock were exchanged, compared to its average volume of 93,654. The firm has a market cap of $260.44 million, a P/E ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 12-month low of $49.57 and a 12-month high of $50.78. The firm has a 50 day moving average of $50.52 and a 200 day moving average of $50.54.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.1142 dividend. The ex-dividend date was Friday, December 19th.

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.