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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 59,377 shares, a growth of 619.7% from the April 15th total of 8,250 shares. Based on an average daily trading volume, of 83,543 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI traded down $0.03 during midday trading on Tuesday, hitting $50.40. 54,285 shares of the company traded hands, compared to its average volume of 81,082. The stock has a market cap of $294.84 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. The firm has a 50 day moving average of $50.47 and a 200-day moving average of $50.53. iShares Short-Term California Muni Active ETF has a 52 week low of $50.04 and a 52 week high of $50.79.

iShares Short-Term California Muni Active ETF Increases Dividend

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

Institutional Inflows and Outflows

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

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.