AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Significant Decline in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 10,752 shares, a decrease of 44.8% from the July 15th total of 19,491 shares. Based on an average trading volume of 83,773 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CAM. DDFG Inc grew its position in shares of AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after buying an additional 9,883 shares during the period. Diversify Wealth Management LLC acquired a new position in AB California Intermediate Municipal ETF in the first quarter valued at approximately $301,000. Sanctuary Advisors LLC acquired a new position in AB California Intermediate Municipal ETF in the first quarter valued at approximately $311,000. Retirement Planning Group LLC bought a new position in AB California Intermediate Municipal ETF in the first quarter valued at approximately $513,000. Finally, Bank of America Corp DE boosted its stake in AB California Intermediate Municipal ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after acquiring an additional 26,157 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Trading Down 0.1%

AB California Intermediate Municipal ETF stock traded down $0.03 during mid-day trading on Monday, hitting $24.88. The stock had a trading volume of 136,119 shares, compared to its average volume of 108,446. The stock has a 50-day simple moving average of $24.99 and a two-hundred day simple moving average of $25.08. The stock has a market capitalization of $1.21 billion, a PE ratio of 7.70 and a beta of -0.24. AB California Intermediate Municipal ETF has a 12 month low of $24.73 and a 12 month high of $25.61.

AB California Intermediate Municipal ETF Company Profile

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.