Short Interest in Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Declines By 80.2%

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 12,885 shares, a drop of 80.2% from the July 30th total of 65,188 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 73,281 shares, the short-interest ratio is presently 0.2 days.

Dimensional California Municipal Bond ETF Price Performance

Shares of NYSEARCA DFCA traded down $0.08 during mid-day trading on Wednesday, hitting $49.45. 14,883 shares of the company were exchanged, compared to its average volume of 59,154. The stock has a 50 day simple moving average of $49.85 and a 200-day simple moving average of $50.07. Dimensional California Municipal Bond ETF has a 1-year low of $49.21 and a 1-year high of $50.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFCA. JPMorgan Chase & Co. grew its holdings in shares of Dimensional California Municipal Bond ETF by 704.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,909 shares of the company’s stock worth $685,000 after purchasing an additional 12,179 shares during the period. Jane Street Group LLC raised its holdings in Dimensional California Municipal Bond ETF by 73.3% in the second quarter. Jane Street Group LLC now owns 50,415 shares of the company’s stock valued at $2,484,000 after acquiring an additional 21,325 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Dimensional California Municipal Bond ETF during the second quarter worth about $791,000. One Capital Management LLC grew its stake in Dimensional California Municipal Bond ETF by 51.6% in the third quarter. One Capital Management LLC now owns 46,995 shares of the company’s stock worth $2,342,000 after purchasing an additional 16,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Dimensional California Municipal Bond ETF during the third quarter valued at approximately $2,277,000.

About Dimensional California Municipal Bond ETF

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.