iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Down 70.7% in May

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 17,369 shares, a decrease of 70.7% from the April 30th total of 59,377 shares. Based on an average daily volume of 109,395 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

NASDAQ:CALI opened at $50.47 on Friday. 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. The stock has a market cap of $295.25 million, a PE ratio of -149.58 and a beta of 0.06. The firm’s fifty day simple moving average is $50.42 and its 200-day simple moving average is $50.51.

iShares Short-Term California Muni Active ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.1159 per share. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 2.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CALI. McIlrath & Eck LLC acquired a new position in shares of iShares Short-Term California Muni Active ETF during the 1st quarter worth $1,390,000. Cary Street Partners Financial LLC acquired a new position in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter valued at about $1,304,000. Diversified Portfolios Inc. purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $629,000. Union Savings Bank purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $350,000. Finally, Graybill Wealth Management LTD. purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $304,000.

iShares Short-Term California Muni Active ETF Company Profile

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.