iShares Short-Term California Muni Active ETF (NASDAQ:CALI – Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 46,616 shares, a decrease of 49.6% from the September 30th total of 92,576 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 256,484 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new stake in iShares Short-Term California Muni Active ETF in the third quarter worth about $2,090,000. McIlrath & Eck LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the first quarter valued at approximately $1,390,000. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the second quarter valued at approximately $322,000. Kingswood Wealth Advisors LLC boosted its position in shares of iShares Short-Term California Muni Active ETF by 69.8% during the third quarter. Kingswood Wealth Advisors LLC now owns 14,453 shares of the company’s stock valued at $720,000 after purchasing an additional 5,939 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in iShares Short-Term California Muni Active ETF by 12.7% in the third quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock worth $386,000 after purchasing an additional 875 shares during the period.
iShares Short-Term California Muni Active ETF Price Performance
NASDAQ:CALI traded down $0.09 during trading hours on Monday, hitting $50.17. The company had a trading volume of 109,576 shares, compared to its average volume of 126,923. The company has a market capitalization of $667.33 million, a PE ratio of -149.58 and a beta of 0.06. The stock has a 50-day moving average price of $50.08 and a 200 day moving average price of $50.38. iShares Short-Term California Muni Active ETF has a 52 week low of $49.66 and a 52 week high of $51.39.
iShares Short-Term California Muni Active ETF Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.1013 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, November 2nd. This is a negative change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1043.
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.
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