iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Down 70.7% in May

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 17,369 shares, a decrease of 70.7% from the April 30th total of 59,377 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 109,395 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds 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 stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter valued at approximately $46,000. Graybill Wealth Management LTD. bought a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $304,000. Union Savings Bank bought a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $350,000. Diversified Portfolios Inc. bought a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $629,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $1,304,000.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

NASDAQ CALI opened at $50.47 on Friday. The stock has a market cap of $295.25 million, a PE ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $50.79. The business has a 50 day moving average price of $50.42 and a two-hundred day moving average price of $50.51.

iShares Short-Term California Muni Active ETF Increases Dividend

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

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.