iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Stock Short Interest Report for October

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 46,616 shares, a drop of 49.6% from the September 30th total of 92,576 shares. Based on an average daily volume of 256,484 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Shah Wealth Advisors LLC acquired a new position in iShares Short-Term California Muni Active ETF in the 2nd quarter valued at $322,000. Farther Finance Advisors LLC raised its position in iShares Short-Term California Muni Active ETF by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock worth $386,000 after buying an additional 875 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in iShares Short-Term California Muni Active ETF by 69.8% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 14,453 shares of the company’s stock worth $720,000 after buying an additional 5,939 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 1st quarter worth $1,390,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter worth $2,090,000.

iShares Short-Term California Muni Active ETF Price Performance

Shares of NASDAQ:CALI traded up $0.04 during trading on Friday, reaching $50.26. The company had a trading volume of 175,134 shares, compared to its average volume of 127,032. The firm has a market capitalization of $668.46 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. The stock’s fifty day moving average price is $50.08 and its 200 day moving average price is $50.38. iShares Short-Term California Muni Active ETF has a fifty-two week low of $49.66 and a fifty-two week high of $51.39.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1043 per share. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, October 1st.

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.