Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Declines By 44.8%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,752 shares, a drop of 44.8% from the July 15th total of 19,491 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 83,773 shares, the short-interest ratio is presently 0.1 days.

AB California Intermediate Municipal ETF Stock Performance

NYSEARCA:CAM traded down $0.03 on Tuesday, hitting $24.85. 75,507 shares of the stock were exchanged, compared to its average volume of 108,236. The company’s 50-day moving average price is $24.99 and its 200 day moving average price is $25.08. AB California Intermediate Municipal ETF has a 52 week low of $24.73 and a 52 week high of $25.61. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.69 and a beta of -0.23.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Planned Solutions Inc. bought a new position in AB California Intermediate Municipal ETF during the fourth quarter worth about $2,641,000. Fifth Third Bancorp bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $1,486,000. Bank of America Corp DE boosted its position in shares of AB California Intermediate Municipal ETF by 7.8% during the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after buying an additional 26,157 shares during the period. Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Finally, Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $311,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

About AB California Intermediate Municipal ETF

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.