iShares California Muni Bond ETF (NYSEARCA:CMF) Stock Short Interest Drops 84.9%

iShares California Muni Bond ETF (NYSEARCA:CMF) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 201,361 shares, a decrease of 84.9% from the October 15th total of 1,332,409 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,720,191 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC grew its holdings in shares of iShares California Muni Bond ETF by 21.3% during the first quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock valued at $352,516,000 after purchasing an additional 1,089,990 shares during the last quarter. Liberty Capital Management Inc. bought a new stake in shares of iShares California Muni Bond ETF in the 3rd quarter worth approximately $12,344,000. Bessemer Group Inc. bought a new stake in shares of iShares California Muni Bond ETF in the 3rd quarter worth approximately $12,189,000. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in iShares California Muni Bond ETF during the 3rd quarter valued at approximately $9,490,000. Finally, Plancorp LLC bought a new position in iShares California Muni Bond ETF during the 3rd quarter worth $8,873,000.

iShares California Muni Bond ETF Stock Performance

iShares California Muni Bond ETF stock opened at $56.06 on Wednesday. iShares California Muni Bond ETF has a 1 year low of $53.62 and a 1 year high of $58.44. The firm’s 50-day moving average is $55.04 and its 200-day moving average is $56.71.

About iShares California Muni Bond ETF

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.