iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 128.1% in July

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 14,604 shares, a growth of 128.1% from the June 30th total of 6,402 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 129,292 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares Short-Term California Muni Active ETF

A number of hedge funds have recently made changes to their positions in CALI. JPMorgan Chase & Co. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $46,000. Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter valued at $350,000. Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000. Cary Street Partners Financial LLC raised its position in shares of iShares Short-Term California Muni Active ETF by 1.9% during 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 last quarter. Finally, McIlrath & Eck LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the 1st quarter worth about $1,390,000.

iShares Short-Term California Muni Active ETF Stock Performance

NASDAQ CALI traded up $0.01 on Tuesday, reaching $50.38. The company had a trading volume of 18,775 shares, compared to its average volume of 92,239. The firm has a market capitalization of $425.71 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. iShares Short-Term California Muni Active ETF has a 1-year low of $50.04 and a 1-year high of $51.39. The company’s fifty day moving average is $50.43 and its 200-day moving average is $50.50.

iShares Short-Term California Muni Active ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.1046 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares Short-Term California Muni Active ETF Company Profile

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.