Short Interest in American Century California Municipal Bond ETF (NYSEARCA:CATF) Grows By 103.8%

American Century California Municipal Bond ETF (NYSEARCA:CATF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,347 shares, an increase of 103.8% from the July 30th total of 7,040 shares. Based on an average trading volume of 9,014 shares, the short-interest ratio is presently 1.6 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ehrlich Financial Group boosted its stake in shares of American Century California Municipal Bond ETF by 48.8% during the 2nd quarter. Ehrlich Financial Group now owns 21,389 shares of the company’s stock worth $1,075,000 after purchasing an additional 7,017 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in American Century California Municipal Bond ETF in the 2nd quarter worth about $509,000. Clifford Swan Investment Counsel LLC bought a new stake in American Century California Municipal Bond ETF in the first quarter worth about $274,000. Wealthgarden F.S. LLC lifted its stake in American Century California Municipal Bond ETF by 19.0% in the first quarter. Wealthgarden F.S. LLC now owns 15,069 shares of the company’s stock worth $751,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Ballast Rock Private Wealth LLC purchased a new position in shares of American Century California Municipal Bond ETF during the first quarter valued at approximately $1,974,000.

American Century California Municipal Bond ETF Price Performance

Shares of NYSEARCA CATF opened at $49.38 on Friday. The business’s 50 day moving average is $49.78 and its two-hundred day moving average is $50.07. American Century California Municipal Bond ETF has a 1-year low of $48.41 and a 1-year high of $51.09.

About American Century California Municipal Bond ETF

The American Century California Municipal Bond ETF (CATF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that mainly invests in municipal securities of any maturity, with interest income that are exempt from federal and California state income tax. CATF was launched on Jul 16, 2024 and is issued by American Century Investments.