iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Update

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 31,855 shares, a growth of 217.7% from the May 31st total of 10,026 shares. Based on an average trading volume of 115,257 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $46,000. Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter worth $304,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter valued at about $350,000. Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter worth $629,000. Finally, Cary Street Partners Financial LLC purchased a new stake in iShares Short-Term California Muni Active ETF during the 3rd quarter valued at approximately $1,304,000.

iShares Short-Term California Muni Active ETF Price Performance

CALI stock traded up $0.02 during trading on Friday, reaching $50.51. The company had a trading volume of 56,596 shares, compared to its average volume of 88,629. iShares Short-Term California Muni Active ETF has a 52 week low of $50.04 and a 52 week high of $50.79. The company has a market cap of $295.48 million, a P/E ratio of -149.58 and a beta of 0.05. The business has a 50 day moving average of $50.44 and a 200 day moving average of $50.50.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.0963 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%.

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.