iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Update

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 59,377 shares, an increase of 619.7% from the April 15th total of 8,250 shares. Based on an average daily trading volume, of 83,543 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC grew its holdings 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 buying an additional 500 shares during the last quarter. Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000. Union Savings Bank purchased a new stake in iShares Short-Term California Muni Active ETF during the 4th quarter valued at $350,000. Graybill Wealth Management LTD. purchased a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $304,000. Finally, JPMorgan Chase & Co. bought a new position in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at $46,000.

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

Shares of NASDAQ:CALI opened at $50.40 on Thursday. The stock has a fifty day simple moving average of $50.46 and a two-hundred day simple moving average of $50.53. iShares Short-Term California Muni Active ETF has a 12-month low of $50.04 and a 12-month high of $50.79. The stock has a market capitalization of $294.84 million, a price-to-earnings ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

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

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.