Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Drops By 42.5%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 27,475 shares, a drop of 42.5% from the February 26th total of 47,823 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 63,385 shares, the short-interest ratio is currently 0.4 days.

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

CALI stock opened at $50.38 on Friday. iShares Short-Term California Muni Active ETF has a twelve month low of $49.57 and a twelve month high of $50.79. The company has a market cap of $259.46 million, a P/E ratio of -149.58 and a beta of 0.06. The business has a fifty day moving average of $50.60 and a 200-day moving average of $50.57.

iShares Short-Term California Muni Active ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.099 per share. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $46,000. Cheviot Value Management LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the second quarter worth approximately $88,000. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF in the third quarter valued at approximately $304,000. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the fourth quarter valued at approximately $350,000. Finally, Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF in the fourth quarter valued at approximately $629,000.

About iShares Short-Term California Muni Active ETF

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.