Dimensional California Municipal Bond ETF (NYSEARCA:DFCA – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 51,537 shares, an increase of 180.3% from the April 30th total of 18,385 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 75,957 shares, the days-to-cover ratio is presently 0.7 days.
Dimensional California Municipal Bond ETF Stock Up 0.2%
DFCA stock traded up $0.08 during mid-day trading on Friday, reaching $50.05. The company had a trading volume of 56,419 shares, compared to its average volume of 61,524. The stock has a 50 day simple moving average of $49.99 and a two-hundred day simple moving average of $50.19. Dimensional California Municipal Bond ETF has a 52 week low of $48.93 and a 52 week high of $50.78.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in Dimensional California Municipal Bond ETF by 103.2% in the first quarter. Parallel Advisors LLC now owns 19,157 shares of the company’s stock valued at $955,000 after purchasing an additional 9,729 shares in the last quarter. Independent Financial Group LLC bought a new position in Dimensional California Municipal Bond ETF in the first quarter valued at approximately $259,000. V2 Financial group LLC bought a new position in Dimensional California Municipal Bond ETF in the first quarter valued at approximately $496,000. Signature Resources Capital Management LLC grew its stake in Dimensional California Municipal Bond ETF by 7.6% in the first quarter. Signature Resources Capital Management LLC now owns 111,994 shares of the company’s stock valued at $5,583,000 after purchasing an additional 7,956 shares in the last quarter. Finally, Lodestar Private Asset Management LLC grew its stake in Dimensional California Municipal Bond ETF by 3.3% in the first quarter. Lodestar Private Asset Management LLC now owns 22,852 shares of the company’s stock valued at $1,139,000 after purchasing an additional 728 shares in the last quarter.
About Dimensional California Municipal Bond ETF
The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.
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