iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 52.8% in August

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 94,597 shares, a growth of 52.8% from the July 30th total of 61,913 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 130,945 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter worth $629,000. McIlrath & Eck LLC acquired a new position in iShares Short-Term California Muni Active ETF during the 1st quarter worth $1,390,000. JPMorgan Chase & Co. bought a new stake in iShares Short-Term California Muni Active ETF during the third quarter valued at about $46,000. Shah Wealth Advisors LLC bought a new stake in iShares Short-Term California Muni Active ETF during the second quarter valued at about $322,000. Finally, Union Savings Bank bought a new stake in iShares Short-Term California Muni Active ETF during the fourth quarter valued at about $350,000.

iShares Short-Term California Muni Active ETF Stock Down 0.3%

CALI stock traded down $0.13 during midday trading on Tuesday, hitting $50.28. 49,308 shares of the company traded hands, compared to its average volume of 96,588. iShares Short-Term California Muni Active ETF has a twelve month low of $50.04 and a twelve month high of $51.39. The business has a 50 day simple moving average of $50.41 and a 200-day simple moving average of $50.46. The stock has a market capitalization of $444.98 million, a price-to-earnings ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1008 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 3rd.

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.