AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Update

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 10,953 shares, a drop of 34.3% from the May 14th total of 16,664 shares. Based on an average trading volume of 150,055 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of AB California Intermediate Municipal ETF

Institutional investors have recently modified their holdings of the company. Planned Solutions Inc. acquired a new position in AB California Intermediate Municipal ETF during the fourth quarter worth about $2,641,000. Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $513,000. Sanctuary Advisors LLC bought a new position in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at about $311,000. Bank of America Corp DE boosted its position in shares of AB California Intermediate Municipal ETF by 7.8% during the 1st 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 purchasing an additional 26,157 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter worth approximately $1,486,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Price Performance

Shares of NYSEARCA:CAM opened at $25.06 on Thursday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.76 and a beta of -0.15. AB California Intermediate Municipal ETF has a 12 month low of $24.85 and a 12 month high of $25.61. The stock’s 50 day moving average price is $25.03 and its 200 day moving average price is $25.13.

About AB California Intermediate Municipal ETF

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.