iShares California Muni Bond ETF (NYSEARCA:CMF) Short Interest Down 94.0% in July

iShares California Muni Bond ETF (NYSEARCA:CMF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 37,823 shares, a drop of 94.0% from the July 15th total of 625,382 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 507,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several large investors have recently made changes to their positions in CMF. EP Wealth Advisors LLC bought a new position in shares of iShares California Muni Bond ETF in the fourth quarter worth approximately $67,285,000. Wealthfront Advisers LLC grew its holdings in shares of iShares California Muni Bond ETF by 29.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock valued at $293,605,000 after buying an additional 1,151,376 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of iShares California Muni Bond ETF by 73.7% during the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after buying an additional 760,870 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of iShares California Muni Bond ETF by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock valued at $484,964,000 after acquiring an additional 703,735 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after acquiring an additional 468,664 shares in the last quarter.

iShares California Muni Bond ETF Trading Up 0.1%

NYSEARCA CMF traded up $0.08 during trading hours on Thursday, reaching $56.93. 510,898 shares of the company’s stock traded hands, compared to its average volume of 480,393. iShares California Muni Bond ETF has a 52-week low of $55.56 and a 52-week high of $58.44. The firm has a 50-day simple moving average of $57.15 and a 200 day simple moving average of $57.34.

About iShares California Muni Bond ETF

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.