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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 16,132 shares, a drop of 41.3% from the March 15th total of 27,475 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 73,472 shares, the days-to-cover ratio is presently 0.2 days.

iShares Short-Term California Muni Active ETF Price Performance

Shares of NASDAQ CALI remained flat at $50.40 during mid-day trading on Wednesday. 72,427 shares of the stock were exchanged, compared to its average volume of 78,201. The firm’s fifty day moving average is $50.55 and its 200-day moving average is $50.54. The company has a market capitalization of $289.80 million, a PE ratio of -149.58 and a beta of 0.07. iShares Short-Term California Muni Active ETF has a one year low of $49.87 and a one year high of $50.79.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.106 per share. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.10.

Institutional Trading of iShares Short-Term California Muni Active ETF

A number of hedge funds have recently modified their holdings of the stock. Cary Street Partners Financial LLC lifted its stake in shares of iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after buying an additional 500 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $46,000. Graybill Wealth Management LTD. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $304,000. Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $350,000. Finally, Diversified Portfolios Inc. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $629,000.

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.