AB California Intermediate Municipal ETF (NYSEARCA:CAM) Shares Shorted: Short Interest Down 95.9% in September

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 947 shares, a drop of 95.9% from the August 31st total of 23,072 shares. Based on an average daily trading volume, of 148,310 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

AB California Intermediate Municipal ETF Stock Performance

Shares of NYSEARCA:CAM traded down $0.13 on Thursday, hitting $24.17. 205,971 shares of the company’s stock were exchanged, compared to its average volume of 115,486. The firm’s 50-day moving average is $24.73 and its 200 day moving average is $24.94. The company has a market capitalization of $1.18 billion, a PE ratio of 7.48 and a beta of -0.28. AB California Intermediate Municipal ETF has a 1-year low of $24.16 and a 1-year high of $25.61.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAM. NWF Advisory Services Inc. purchased a new position in AB California Intermediate Municipal ETF in the second quarter valued at approximately $213,000. Tortoise Investment Management LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 2nd quarter valued at $224,000. Diversify Wealth Management LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $301,000. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $311,000. Finally, Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $513,000. 85.00% of the stock is owned by institutional investors and hedge funds.

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.