iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Increase in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 61,913 shares, an increase of 323.9% from the July 15th total of 14,604 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 96,866 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter valued at about $46,000. Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF in the fourth quarter worth about $629,000. Cary Street Partners Financial LLC lifted its stake in 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 purchasing an additional 500 shares during the period. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF during the fourth quarter worth about $350,000. Finally, McIlrath & Eck LLC bought a new position in iShares Short-Term California Muni Active ETF during the first quarter worth about $1,390,000.

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

Shares of NASDAQ CALI opened at $50.40 on Friday. The firm has a market capitalization of $446.04 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. iShares Short-Term California Muni Active ETF has a one year low of $50.04 and a one year high of $51.39. The business has a fifty day simple moving average of $50.42 and a 200 day simple moving average of $50.48.

iShares Short-Term California Muni Active ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1008 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

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.