Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Decreases By 79.9%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 6,402 shares, a decrease of 79.9% from the June 15th total of 31,855 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 77,613 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CALI. JPMorgan Chase & Co. acquired a new position in iShares Short-Term California Muni Active ETF in the third quarter valued at $46,000. Graybill Wealth Management LTD. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the third quarter worth about $304,000. Diversified Portfolios Inc. purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter valued at about $629,000. Cary Street Partners Financial LLC lifted its holdings in shares of iShares Short-Term California Muni Active ETF by 1.9% in the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after purchasing an additional 500 shares during the last quarter. Finally, Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter valued at about $350,000.

iShares Short-Term California Muni Active ETF Stock Performance

CALI stock traded up $0.01 during midday trading on Friday, reaching $50.43. 92,216 shares of the company were exchanged, compared to its average volume of 91,120. iShares Short-Term California Muni Active ETF has a 1-year low of $50.04 and a 1-year high of $50.79. The stock’s 50-day simple moving average is $50.43 and its 200 day simple moving average is $50.50. The company has a market cap of $411.00 million, a price-to-earnings ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.1046 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.