Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Declines By 67.7%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 16,664 shares, a drop of 67.7% from the April 30th total of 51,646 shares. Based on an average daily volume of 127,024 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

AB California Intermediate Municipal ETF Stock Performance

Shares of CAM stock traded up $0.03 during trading hours on Friday, hitting $25.10. 190,868 shares of the company were exchanged, compared to its average volume of 104,006. AB California Intermediate Municipal ETF has a one year low of $24.85 and a one year high of $25.61. The business’s 50-day simple moving average is $25.01 and its two-hundred day simple moving average is $25.14. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.77 and a beta of 0.19.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

Several large investors have recently modified their holdings of CAM. Diversify Wealth Management LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $301,000. Sanctuary Advisors LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $311,000. Retirement Planning Group LLC bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Fifth Third Bancorp bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $1,486,000. Finally, Planned Solutions Inc. bought a new position in AB California Intermediate Municipal ETF in the fourth quarter worth about $2,641,000. Institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.