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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 10,712 shares, a decrease of 56.4% from the January 29th total of 24,580 shares. Based on an average trading volume of 59,008 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 59,008 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of CALI. Cary Street Partners Financial LLC boosted its position in shares of 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 buying an additional 500 shares during the period. Diversified Portfolios Inc. bought a new stake in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000. Union Savings Bank lifted its stake in iShares Short-Term California Muni Active ETF by 34.0% in the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock valued at $331,000 after acquiring an additional 1,662 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $304,000. Finally, Cheviot Value Management LLC bought a new position in shares of iShares Short-Term California Muni Active ETF during the 2nd quarter worth approximately $88,000.

iShares Short-Term California Muni Active ETF Stock Performance

NASDAQ CALI opened at $50.76 on Friday. The stock has a market cap of $261.41 million, a price-to-earnings ratio of -149.58 and a beta of 0.06. The business has a 50 day simple moving average of $50.59 and a 200 day simple moving average of $50.57. iShares Short-Term California Muni Active ETF has a 52-week low of $49.57 and a 52-week high of $50.79.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.0834 dividend. The ex-dividend date of this dividend was Monday, February 2nd.

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.