Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Increases By 27.0%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 47,822 shares, an increase of 27.0% from the December 15th total of 37,646 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 55,025 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 55,025 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.1% of the company’s stock are sold short.

iShares Short-Term California Muni Active ETF Trading Down 0.1%

NASDAQ CALI opened at $50.54 on Tuesday. The stock has a market cap of $245.12 million, a P/E ratio of -149.58 and a beta of 0.06. The company’s fifty day simple moving average is $50.50 and its 200-day simple moving average is $50.53. iShares Short-Term California Muni Active ETF has a 52 week low of $49.57 and a 52 week high of $50.78.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a dividend of $0.1142 per share. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Financial LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter valued at about $1,304,000. Union Savings Bank raised its position in shares of iShares Short-Term California Muni Active ETF by 34.0% during the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after purchasing an additional 1,662 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter worth approximately $304,000. Farther Finance Advisors LLC acquired a new position in iShares Short-Term California Muni Active ETF during the 2nd quarter valued at approximately $242,000. Finally, Cheviot Value Management LLC acquired a new position in iShares Short-Term California Muni Active ETF during the 2nd quarter valued at approximately $88,000.

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.