AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Up 444.1% in April

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 51,646 shares, a growth of 444.1% from the April 15th total of 9,492 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 126,357 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $311,000. Retirement Planning Group LLC acquired a new position in AB California Intermediate Municipal ETF in the 1st quarter valued at $513,000. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF during the 1st quarter worth $301,000. Fifth Third Bancorp acquired a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth $1,486,000. Finally, DDFG Inc lifted its holdings in shares of AB California Intermediate Municipal ETF by 2.3% during 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 in the last quarter. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Down 0.1%

Shares of NYSEARCA CAM traded down $0.02 during mid-day trading on Thursday, reaching $24.97. 82,464 shares of the company were exchanged, compared to its average volume of 99,941. The stock has a market capitalization of $1.13 billion, a P/E ratio of 7.73 and a beta of -0.20. The company’s 50-day simple moving average is $25.06 and its 200-day simple moving average is $25.15. AB California Intermediate Municipal ETF has a twelve month low of $24.85 and a twelve month high of $25.61.

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.