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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 947 shares, a drop of 95.9% from the August 31st total of 23,072 shares. Based on an average trading volume of 148,310 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

AB California Intermediate Municipal ETF Price Performance

NYSEARCA:CAM traded down $0.04 during trading hours on Friday, hitting $24.12. The company had a trading volume of 94,083 shares, compared to its average volume of 115,141. The stock has a 50-day moving average price of $24.73 and a 200 day moving average price of $24.94. The company has a market capitalization of $1.17 billion, a PE ratio of 7.47 and a beta of -0.28. AB California Intermediate Municipal ETF has a 52 week low of $24.12 and a 52 week high of $25.61.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several hedge funds and other institutional investors have recently modified their holdings of CAM. DDFG Inc lifted its holdings in 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 worth $11,144,000 after buying an additional 9,883 shares during the period. Bank of America Corp DE grew its holdings in shares of AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after acquiring an additional 26,157 shares during the period. Fifth Third Bancorp bought a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter worth approximately $1,486,000. Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $513,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $311,000. Hedge funds and other institutional investors 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.