iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Down 70.7% in May

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 17,369 shares, a decline of 70.7% from the April 30th total of 59,377 shares. Based on an average daily volume of 109,395 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CALI. McIlrath & Eck LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the first quarter worth about $1,390,000. Cary Street Partners Financial LLC increased its position in iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after purchasing an additional 500 shares in the last quarter. Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF during the 4th quarter worth approximately $629,000. Union Savings Bank bought a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $350,000. Finally, Graybill Wealth Management LTD. acquired a new stake in iShares Short-Term California Muni Active ETF in the third quarter valued at approximately $304,000.

iShares Short-Term California Muni Active ETF Stock Up 0.0%

Shares of CALI stock traded up $0.02 during trading hours on Friday, reaching $50.49. The company’s stock had a trading volume of 71,588 shares, compared to its average volume of 86,538. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $50.79. The firm’s 50 day simple moving average is $50.42 and its 200-day simple moving average is $50.51. The company has a market capitalization of $295.37 million, a price-to-earnings ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a $0.1159 dividend. This represents a c) annualized dividend and a yield of 2.8%. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, May 1st.

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.