AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Significant Growth in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 117,957 shares, a growth of 12,355.9% from the September 15th total of 947 shares. Based on an average daily volume of 307,073 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

AB California Intermediate Municipal ETF Stock Performance

Shares of CAM stock opened at $24.13 on Friday. AB California Intermediate Municipal ETF has a fifty-two week low of $23.94 and a fifty-two week high of $25.61. The stock’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $24.85. The company has a market cap of $1.15 billion, a PE ratio of 7.47 and a beta of -0.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NWF Advisory Services Inc. acquired a new stake in shares of AB California Intermediate Municipal ETF in the 2nd quarter valued at approximately $213,000. Tortoise Investment Management LLC acquired a new position in AB California Intermediate Municipal ETF during the 2nd quarter worth approximately $224,000. DDFG Inc increased its position in AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares in the last quarter. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $301,000. Finally, Sanctuary Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at approximately $311,000. 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.