AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Significant Increase in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 23,072 shares, a growth of 1,181.8% from the August 15th total of 1,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 74,891 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. NWF Advisory Services Inc. purchased a new stake in shares of AB California Intermediate Municipal ETF during the 2nd quarter worth about $213,000. Tortoise Investment Management LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 2nd quarter valued at about $224,000. Diversify Wealth Management LLC acquired a new position in AB California Intermediate Municipal ETF in the 1st quarter worth about $301,000. Sanctuary Advisors LLC acquired a new position in AB California Intermediate Municipal ETF in the 1st quarter worth about $311,000. Finally, Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF during the first quarter worth approximately $513,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Performance

Shares of CAM traded up $0.03 during trading hours on Friday, hitting $24.47. The stock had a trading volume of 274,626 shares, compared to its average volume of 108,375. The firm has a 50-day moving average price of $24.85 and a 200 day moving average price of $25.00. AB California Intermediate Municipal ETF has a fifty-two week low of $24.42 and a fifty-two week high of $25.61. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.58 and a beta of -0.27.

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.