AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Large Increase in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,072 shares, an increase of 1,181.8% from the August 15th total of 1,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 74,891 shares, the days-to-cover ratio is currently 0.3 days.

AB California Intermediate Municipal ETF Stock Up 0.1%

CAM stock traded up $0.03 during trading on Friday, hitting $24.47. 15,955 shares of the company’s stock traded hands, compared to its average volume of 106,875. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.57 and a beta of -0.25. AB California Intermediate Municipal ETF has a 52 week low of $24.42 and a 52 week high of $25.61. The stock has a fifty day moving average price of $24.86 and a two-hundred day moving average price of $25.01.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tortoise Investment Management LLC bought a new position in AB California Intermediate Municipal ETF in the second quarter worth about $224,000. NWF Advisory Services Inc. bought a new position in shares of AB California Intermediate Municipal ETF during the second quarter valued at approximately $213,000. Bank of America Corp DE grew its holdings 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 valued at $9,056,000 after purchasing an additional 26,157 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter worth approximately $311,000. Finally, Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF in the first quarter worth $513,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

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.