AB California Intermediate Municipal ETF (NYSEARCA:CAM) Stock Short Interest Declines 95.9%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 947 shares, a decline of 95.9% from the August 31st total of 23,072 shares. Based on an average daily volume of 148,310 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NWF Advisory Services Inc. purchased a new position in AB California Intermediate Municipal ETF during the second quarter valued at approximately $213,000. Tortoise Investment Management LLC bought a new stake in shares of AB California Intermediate Municipal ETF during the 2nd quarter valued at $224,000. Diversify Wealth Management LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at $301,000. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at $311,000. Finally, Retirement Planning Group LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter worth $513,000. Institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA CAM traded down $0.04 during trading on Friday, hitting $24.13. The company had a trading volume of 264,304 shares, compared to its average volume of 116,295. The stock has a 50 day simple moving average of $24.72 and a 200 day simple moving average of $24.93. AB California Intermediate Municipal ETF has a 12 month low of $24.10 and a 12 month high of $25.61. The firm has a market capitalization of $1.18 billion, a P/E ratio of 7.47 and a beta of -0.28.

About AB California Intermediate Municipal ETF

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.