iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Strong Trading Volume – Here’s Why

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw an uptick in trading volume on Monday. 68,791 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 116,559 shares. The stock last traded at $49.8950 and had previously closed at $49.88.

iShares Short-Term California Muni Active ETF Trading Up 0.1%

The firm has a 50 day simple moving average of $50.15 and a 200 day simple moving average of $50.33. The firm has a market capitalization of $586.56 million, a PE ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1043 dividend. This is an increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, October 1st.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several large investors have recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 1st quarter valued at $1,390,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $350,000. Shah Wealth Advisors LLC bought a new position in shares of iShares Short-Term California Muni Active ETF during the second quarter worth $322,000. Finally, Farther Finance Advisors LLC grew its stake in iShares Short-Term California Muni Active ETF by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock valued at $386,000 after acquiring an additional 875 shares in the last quarter.

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.