AB California Intermediate Municipal ETF (NYSEARCA:CAM) Shares Shorted: Short Interest Up 195.1% in October

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 348,105 shares, a growth of 195.1% from the September 30th total of 117,957 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 473,826 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of AB California Intermediate Municipal ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. NWF Advisory Services Inc. bought a new stake in AB California Intermediate Municipal ETF in the 2nd quarter valued at about $213,000. Tortoise Investment Management LLC acquired a new position in AB California Intermediate Municipal ETF in the second quarter valued at $224,000. Diversify Wealth Management LLC acquired a new stake in AB California Intermediate Municipal ETF in the first quarter valued at approximately $301,000. Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $311,000. Finally, Sowell Financial Services LLC bought a new position in AB California Intermediate Municipal ETF during the third quarter valued at about $391,000. Institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA CAM traded up $0.05 during midday trading on Friday, reaching $24.62. 214,545 shares of the company traded hands, compared to its average volume of 147,907. AB California Intermediate Municipal ETF has a 12 month low of $23.94 and a 12 month high of $25.61. The firm has a market cap of $1.22 billion, a PE ratio of 7.62 and a beta of -0.43. The stock’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $24.92.

About AB California Intermediate Municipal ETF

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.