Short Interest in American Century California Municipal Bond ETF (NYSEARCA:CATF) Grows By 103.8%

American Century California Municipal Bond ETF (NYSEARCA:CATF) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 14,347 shares, an increase of 103.8% from the July 30th total of 7,040 shares. Based on an average daily trading volume, of 9,014 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the shares of the stock are sold short.

American Century California Municipal Bond ETF Stock Performance

Shares of American Century California Municipal Bond ETF stock opened at $49.38 on Friday. The stock’s 50-day simple moving average is $49.78 and its 200-day simple moving average is $50.07. American Century California Municipal Bond ETF has a 52 week low of $48.41 and a 52 week high of $51.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in American Century California Municipal Bond ETF during the 4th quarter valued at approximately $123,000. Citadel Advisors LLC bought a new stake in shares of American Century California Municipal Bond ETF during the third quarter valued at approximately $224,000. Clifford Swan Investment Counsel LLC purchased a new position in shares of American Century California Municipal Bond ETF in the first quarter worth $274,000. Mariner LLC purchased a new position in shares of American Century California Municipal Bond ETF in the fourth quarter worth $368,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of American Century California Municipal Bond ETF in the second quarter worth $509,000.

About American Century California Municipal Bond ETF

The American Century California Municipal Bond ETF (CATF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that mainly invests in municipal securities of any maturity, with interest income that are exempt from federal and California state income tax. CATF was launched on Jul 16, 2024 and is issued by American Century Investments.