iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Update

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 31,855 shares, an increase of 217.7% from the May 31st total of 10,026 shares. Based on an average daily volume of 115,257 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $46,000. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF during the third quarter worth $304,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth approximately $350,000. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $629,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $1,304,000.

iShares Short-Term California Muni Active ETF Stock Performance

NASDAQ CALI traded up $0.02 on Friday, reaching $50.51. 56,596 shares of the stock traded hands, compared to its average volume of 88,629. The company has a market cap of $295.48 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The company has a fifty day moving average price of $50.44 and a 200-day moving average price of $50.50. iShares Short-Term California Muni Active ETF has a 12 month low of $50.04 and a 12 month high of $50.79.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.0963 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%.

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.