iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Trading 0% Higher – Should You Buy?

Shares of iShares Short-Term California Muni Active ETF (NASDAQ:CALI) shot up 0% during trading on Friday . The stock traded as high as $50.64 and last traded at $50.60. 63,167 shares traded hands during trading, a decline of 42% from the average session volume of 108,579 shares. The stock had previously closed at $50.58.

iShares Short-Term California Muni Active ETF Price Performance

The company has a fifty day moving average of $50.50 and a two-hundred day moving average of $50.52. The stock has a market capitalization of $245.41 million, a P/E ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.1142 dividend. The ex-dividend date was Friday, December 19th.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

A number of hedge funds have recently added to or reduced their stakes in CALI. Cary Street Partners Financial LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the third quarter worth $1,304,000. Union Savings Bank grew its position in shares of iShares Short-Term California Muni Active ETF by 34.0% during the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock valued at $331,000 after buying an additional 1,662 shares during the last quarter. Graybill Wealth Management LTD. acquired a new stake in iShares Short-Term California Muni Active ETF during the third quarter worth about $304,000. Farther Finance Advisors LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the second quarter worth about $242,000. Finally, Cheviot Value Management LLC bought a new position in iShares Short-Term California Muni Active ETF in the second quarter worth about $88,000.

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.