BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Sees Significant Decrease in Short Interest

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 600 shares, a drop of 84.2% from the March 31st total of 3,800 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Elmwood Wealth Management Inc. bought a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 4th quarter worth about $440,000. Compass Wealth Management LLC bought a new stake in BlackRock Short-Term California Muni Bond ETF in the 1st quarter valued at about $130,000. Manhattan West Asset Management LLC bought a new stake in BlackRock Short-Term California Muni Bond ETF in the 4th quarter valued at about $1,146,000. TriaGen Wealth Management LLC bought a new stake in BlackRock Short-Term California Muni Bond ETF in the 1st quarter valued at about $258,000. Finally, Citizens Financial Group Inc. RI bought a new stake in BlackRock Short-Term California Muni Bond ETF in the 4th quarter valued at about $3,424,000.

BlackRock Short-Term California Muni Bond ETF Price Performance

NASDAQ:CALY remained flat at $50.12 during trading hours on Friday. The company had a trading volume of 5,078 shares, compared to its average volume of 5,318. The business’s 50 day moving average is $50.19 and its two-hundred day moving average is $50.15. BlackRock Short-Term California Muni Bond ETF has a twelve month low of $49.68 and a twelve month high of $50.50.

BlackRock Short-Term California Muni Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.1336 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, April 1st.

BlackRock Short-Term California Muni Bond ETF Company Profile

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.