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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 10,953 shares, a decrease of 34.3% from the May 14th total of 16,664 shares. Based on an average daily volume of 150,055 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

AB California Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:CAM traded up $0.01 on Wednesday, hitting $25.09. The company’s stock had a trading volume of 6,299 shares, compared to its average volume of 109,829. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.77 and a beta of -0.15. The stock’s 50-day moving average is $25.03 and its two-hundred day moving average is $25.13. AB California Intermediate Municipal ETF has a 12 month low of $24.85 and a 12 month high of $25.61.

Institutional Trading of AB California Intermediate Municipal ETF

Several institutional investors have recently modified their holdings of CAM. Planned Solutions Inc. acquired a new stake in shares of AB California Intermediate Municipal ETF in the fourth quarter valued at $2,641,000. DDFG Inc lifted its holdings in shares of AB California Intermediate Municipal ETF by 2.3% in the first quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock valued at $11,144,000 after buying an additional 9,883 shares during the period. Fifth Third Bancorp acquired a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at $1,486,000. Diversify Wealth Management LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter valued at $301,000. Finally, Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $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.