AB California Intermediate Municipal ETF (NYSEARCA:CAM) Stock Short Interest Jumps 12,355.9%

AB California Intermediate Municipal ETF (NYSEARCA:CAM – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 117,957 shares, a growth of 12,355.9% from the September 15th total of 947 shares. Based on an average daily volume of 307,073 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

AB California Intermediate Municipal ETF Price Performance

Shares of NYSEARCA CAM traded up $0.10 during trading hours on Friday, reaching $24.13. The stock had a trading volume of 295,884 shares, compared to its average volume of 134,554. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 7.47 and a beta of -0.36. AB California Intermediate Municipal ETF has a twelve month low of $23.94 and a twelve month high of $25.61. The business’s fifty day moving average is $24.57 and its two-hundred day moving average is $24.86.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Hedge funds have recently made changes to their positions in the business. DDFG Inc lifted its holdings in shares of AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after acquiring an additional 9,883 shares during the period. Bank of America Corp DE grew its stake in shares of AB California Intermediate Municipal ETF by 7.8% in the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after purchasing an additional 26,157 shares during the period. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at $1,486,000. Retirement Planning Group LLC bought a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $513,000. Finally, Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF in the first quarter valued at $311,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

About AB California Intermediate Municipal ETF

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Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.

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