iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Significant Drop in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,402 shares, a drop of 79.9% from the June 15th total of 31,855 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 77,613 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CALI. JPMorgan Chase & Co. acquired a new stake in iShares Short-Term California Muni Active ETF during the third quarter worth approximately $46,000. Graybill Wealth Management LTD. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth $304,000. Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth $350,000. Diversified Portfolios Inc. bought a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $629,000. Finally, Cary Street Partners Financial LLC raised its stake in iShares Short-Term California Muni Active ETF by 1.9% in the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after purchasing an additional 500 shares in the last quarter.

iShares Short-Term California Muni Active ETF Stock Performance

NASDAQ:CALI traded down $0.02 during mid-day trading on Monday, hitting $50.41. 121,958 shares of the stock were exchanged, compared to its average volume of 91,355. The stock has a market capitalization of $408.32 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The firm’s 50-day simple moving average is $50.43 and its 200 day simple moving average is $50.50. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $50.79.

iShares Short-Term California Muni Active ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.1046 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.