iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 52.8% in August

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 94,597 shares, an increase of 52.8% from the July 30th total of 61,913 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 130,945 shares, the days-to-cover ratio is presently 0.7 days.

iShares Short-Term California Muni Active ETF Stock Performance

CALI opened at $50.24 on Wednesday. iShares Short-Term California Muni Active ETF has a one year low of $50.04 and a one year high of $51.39. The company has a market cap of $444.62 million, a P/E ratio of -149.58 and a beta of 0.05. The business’s 50-day simple moving average is $50.40 and its 200-day simple moving average is $50.46.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be paid a $0.1003 dividend. The ex-dividend date is Tuesday, September 1st.

Institutional Trading of iShares Short-Term California Muni Active ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at $46,000. Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF in the fourth quarter valued at $629,000. Cary Street Partners Financial LLC boosted its stake in iShares Short-Term California Muni Active ETF by 1.9% in 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 in the last quarter. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter worth about $350,000. Finally, McIlrath & Eck LLC purchased a new position in shares of iShares Short-Term California Muni Active ETF during the first quarter worth about $1,390,000.

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.