iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 31.7% in January

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 62,995 shares, a growth of 31.7% from the December 31st total of 47,822 shares. Based on an average daily volume of 111,705 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.3% of the company’s stock are short sold. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 111,705 shares, the days-to-cover ratio is currently 0.6 days.

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

NASDAQ CALI opened at $50.60 on Wednesday. The company has a market cap of $260.59 million, a P/E ratio of -149.58 and a beta of 0.06. The company has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $50.54. iShares Short-Term California Muni Active ETF has a 12-month low of $49.57 and a 12-month high of $50.78.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.0834 per share. The ex-dividend date is Monday, February 2nd.

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

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at about $46,000. Cheviot Value Management LLC purchased a new position in iShares Short-Term California Muni Active ETF in the second quarter valued at about $88,000. Graybill Wealth Management LTD. purchased a new position in iShares Short-Term California Muni Active ETF in the third quarter valued at about $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 acquiring an additional 1,662 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $1,304,000.

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.