iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 217.7% in June

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 31,855 shares, an increase of 217.7% from the May 31st total of 10,026 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 115,257 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Financial LLC increased its stake in shares of iShares Short-Term California Muni Active ETF by 1.9% in the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares during the period. JPMorgan Chase & Co. acquired a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at $46,000. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at $304,000. Union Savings Bank purchased a new stake in iShares Short-Term California Muni Active ETF in the fourth quarter valued at $350,000. Finally, Diversified Portfolios Inc. purchased a new stake in iShares Short-Term California Muni Active ETF in the fourth quarter valued at $629,000.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI stock opened at $50.53 on Tuesday. 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 has a market capitalization of $295.60 million, a PE ratio of -149.58 and a beta of 0.05. The stock’s 50-day simple moving average is $50.44 and its 200-day simple moving average is $50.50.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.0963 dividend. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, June 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.