AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Up 1,181.8% in August

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,072 shares, an increase of 1,181.8% from the August 15th total of 1,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 74,891 shares, the short-interest ratio is presently 0.3 days.

AB California Intermediate Municipal ETF Stock Performance

Shares of CAM stock traded down $0.10 during trading hours on Thursday, hitting $24.44. The company had a trading volume of 169,315 shares, compared to its average volume of 107,415. AB California Intermediate Municipal ETF has a 12 month low of $24.42 and a 12 month high of $25.61. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.57 and a beta of -0.25. The firm’s fifty day moving average is $24.86 and its 200 day moving average is $25.01.

Institutional Trading of AB California Intermediate Municipal ETF

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in 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 worth $9,056,000 after buying an additional 26,157 shares in the last quarter. Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $513,000. Fifth Third Bancorp acquired a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $1,486,000. Tortoise Investment Management LLC bought a new stake in shares of AB California Intermediate Municipal ETF during the second quarter valued at approximately $224,000. Finally, NWF Advisory Services Inc. bought a new position in AB California Intermediate Municipal ETF in the 2nd quarter worth approximately $213,000. 85.00% of the stock is currently owned by institutional investors.

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.