iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 22,625 shares, a decrease of 49.2% from the August 15th total of 44,533 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 557,863 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Van Hulzen Asset Management LLC lifted its position in iShares California Muni Bond ETF by 17.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 5,935 shares of the company’s stock worth $342,000 after acquiring an additional 875 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of iShares California Muni Bond ETF in the second quarter worth about $1,959,000. Summit Financial Strategies Inc. bought a new position in shares of iShares California Muni Bond ETF in the second quarter worth about $201,000. Integrated Wealth Concepts LLC lifted its position in shares of iShares California Muni Bond ETF by 28.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 52,445 shares of the company’s stock worth $3,023,000 after purchasing an additional 11,691 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of iShares California Muni Bond ETF by 14.5% during the 2nd quarter. Baird Financial Group Inc. now owns 8,925 shares of the company’s stock worth $514,000 after purchasing an additional 1,133 shares during the last quarter.
iShares California Muni Bond ETF Trading Down 0.2%
CMF stock traded down $0.12 during midday trading on Tuesday, hitting $55.19. 620,709 shares of the company traded hands, compared to its average volume of 550,353. iShares California Muni Bond ETF has a twelve month low of $55.07 and a twelve month high of $58.44. The business has a 50 day simple moving average of $56.54 and a 200-day simple moving average of $57.04.
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.
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