AB California Intermediate Municipal ETF (NYSEARCA:CAM) Stock Short Interest Jumps 12,355.9%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 117,957 shares, a growth of 12,355.9% from the September 15th total of 947 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 307,073 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several large investors have recently bought and sold shares of CAM. DDFG Inc grew its position in AB California Intermediate Municipal ETF by 2.3% in the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares during the last quarter. Bank of America Corp DE raised its position in shares of AB California Intermediate Municipal ETF by 7.8% during the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after buying an additional 26,157 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter valued at about $1,486,000. Retirement Planning Group LLC bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $513,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $311,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

AB California Intermediate Municipal ETF Stock Up 0.4%

NYSEARCA CAM traded up $0.10 during trading on Friday, hitting $24.13. The company’s stock had a trading volume of 295,884 shares, compared to its average volume of 134,554. AB California Intermediate Municipal ETF has a 52 week low of $23.94 and a 52 week high of $25.61. The firm has a market cap of $1.16 billion, a P/E ratio of 7.47 and a beta of -0.36. The firm has a 50 day moving average price of $24.57 and a 200 day moving average price of $24.86.

About AB California Intermediate Municipal ETF

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.