Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Stock Short Interest Rises 1,276.7%

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 863,123 shares, an increase of 1,276.7% from the September 15th total of 62,693 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily trading volume, of 955,564 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Dimensional California Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of DFCA. Kaizen Financial Strategies lifted its position in shares of Dimensional California Municipal Bond ETF by 39.3% during the third quarter. Kaizen Financial Strategies now owns 7,182 shares of the company’s stock worth $342,000 after purchasing an additional 2,028 shares during the last quarter. Apella Capital LLC grew its stake in Dimensional California Municipal Bond ETF by 142.6% in the third quarter. Apella Capital LLC now owns 25,666 shares of the company’s stock worth $1,223,000 after purchasing an additional 15,087 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Dimensional California Municipal Bond ETF by 48.0% in the second quarter. Envestnet Asset Management Inc. now owns 8,056 shares of the company’s stock valued at $404,000 after buying an additional 2,611 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in Dimensional California Municipal Bond ETF by 39.5% in the second quarter. Tortoise Investment Management LLC now owns 9,190 shares of the company’s stock valued at $461,000 after buying an additional 2,600 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Dimensional California Municipal Bond ETF by 4.4% during the second quarter. Integrated Wealth Concepts LLC now owns 53,670 shares of the company’s stock valued at $2,693,000 after buying an additional 2,276 shares in the last quarter.

Dimensional California Municipal Bond ETF Stock Up 0.4%

Shares of NYSEARCA:DFCA traded up $0.17 during midday trading on Friday, reaching $47.83. The company had a trading volume of 231,867 shares, compared to its average volume of 129,002. The stock’s fifty day moving average price is $48.85 and its 200-day moving average price is $49.60. Dimensional California Municipal Bond ETF has a one year low of $47.30 and a one year high of $50.78.

About Dimensional California Municipal Bond ETF

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.