iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 27.0% in December

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 47,822 shares, a growth of 27.0% from the December 15th total of 37,646 shares. Based on an average daily trading volume, of 55,025 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 55,025 shares, the short-interest ratio is presently 0.9 days.

iShares Short-Term California Muni Active ETF Trading Up 0.0%

Shares of CALI stock traded up $0.02 during trading hours on Friday, reaching $50.60. 63,167 shares of the company’s stock were exchanged, compared to its average volume of 108,579. iShares Short-Term California Muni Active ETF has a 1 year low of $49.57 and a 1 year high of $50.78. The stock has a market cap of $245.41 million, a PE ratio of -149.58 and a beta of 0.06. The stock’s fifty day moving average price is $50.50 and its two-hundred day moving average price is $50.52.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.1142 per share. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in CALI. JPMorgan Chase & Co. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at $46,000. Cheviot Value Management LLC purchased a new stake in iShares Short-Term California Muni Active ETF during the 2nd quarter valued at about $88,000. Farther Finance Advisors LLC acquired a new position in shares of iShares Short-Term California Muni Active ETF in the second quarter valued at about $242,000. Graybill Wealth Management LTD. purchased a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth about $304,000. Finally, Union Savings Bank lifted its holdings in shares of iShares Short-Term California Muni Active ETF by 34.0% during the second quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after purchasing an additional 1,662 shares during the period.

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.