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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 24,580 shares, a decrease of 61.0% from the January 15th total of 62,995 shares. Based on an average trading volume of 72,146 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 72,146 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CALI. Cary Street Partners Financial LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the third quarter valued at about $1,304,000. Diversified Portfolios Inc. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth approximately $629,000. Graybill Wealth Management LTD. acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter valued at approximately $304,000. Cheviot Value Management LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the second quarter valued at $88,000. Finally, Union Savings Bank raised its position in iShares Short-Term California Muni Active ETF by 34.0% during the second quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after acquiring an additional 1,662 shares in the last quarter.

iShares Short-Term California Muni Active ETF Stock Performance

NASDAQ CALI traded up $0.01 on Friday, reaching $50.69. The company had a trading volume of 48,628 shares, compared to its average volume of 82,124. The company’s fifty day moving average is $50.54 and its 200-day moving average is $50.56. The firm has a market capitalization of $261.05 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 1-year low of $49.57 and a 1-year high of $50.78.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.0834 dividend. The ex-dividend date of this dividend was Monday, February 2nd.

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.