iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 52.8% in August

iShares Short-Term California Muni Active ETF (NASDAQ:CALIGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 94,597 shares, a growth of 52.8% from the July 30th total of 61,913 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 130,945 shares, the short-interest ratio is currently 0.7 days.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of iShares Short-Term California Muni Active ETF stock opened at $50.26 on Thursday. The company has a market capitalization of $444.80 million, a P/E ratio of -149.58 and a beta of 0.05. The company has a fifty day moving average of $50.40 and a 200 day moving average of $50.45. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $51.39.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be given a $0.1003 dividend. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 1st.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several institutional investors have recently made changes to their positions in CALI. Cary Street Partners Financial LLC raised its stake in iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after purchasing an additional 500 shares during the period. JPMorgan Chase & Co. purchased a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter worth approximately $46,000. Shah Wealth Advisors LLC bought a new position in iShares Short-Term California Muni Active ETF in the 2nd quarter worth approximately $322,000. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter worth approximately $350,000. Finally, Diversified Portfolios Inc. purchased a new stake in iShares Short-Term California Muni Active ETF during the 4th quarter valued at approximately $629,000.

About iShares Short-Term California Muni Active ETF

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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.

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