Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Grows By 619.7%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 59,377 shares, an increase of 619.7% from the April 15th total of 8,250 shares. Based on an average trading volume of 83,543 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.0% 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 added to or reduced their stakes in CALI. Cary Street Partners Financial LLC increased its position in shares of iShares Short-Term California Muni Active ETF by 1.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares during the period. JPMorgan Chase & Co. bought a new position in iShares Short-Term California Muni Active ETF in the third quarter worth approximately $46,000. Graybill Wealth Management LTD. purchased a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth $304,000. Union Savings Bank purchased a new position in iShares Short-Term California Muni Active ETF during the 4th quarter worth $350,000. Finally, Diversified Portfolios Inc. bought a new stake in iShares Short-Term California Muni Active ETF during the 4th quarter valued at $629,000.

iShares Short-Term California Muni Active ETF Stock Performance

CALI stock traded down $0.03 during midday trading on Tuesday, reaching $50.40. The company’s stock had a trading volume of 54,285 shares, compared to its average volume of 81,082. iShares Short-Term California Muni Active ETF has a 1 year low of $50.04 and a 1 year high of $50.79. The firm has a market capitalization of $294.84 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. The stock has a fifty day simple moving average of $50.47 and a two-hundred day simple moving average of $50.53.

iShares Short-Term California Muni Active ETF Increases Dividend

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

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.