iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 767,795 shares, an increase of 3,293.6% from the August 31st total of 22,625 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,710,404 shares, the short-interest ratio is presently 0.4 days.
iShares California Muni Bond ETF Stock Performance
NYSEARCA:CMF opened at $54.39 on Friday. The business has a 50 day moving average of $56.16 and a 200 day moving average of $56.86. iShares California Muni Bond ETF has a 1-year low of $54.31 and a 1-year high of $58.44.
Institutional Investors Weigh In On iShares California Muni Bond ETF
Institutional investors have recently made changes to their positions in the business. Thryve Wealth Management LLC purchased a new stake in shares of iShares California Muni Bond ETF during the fourth quarter valued at approximately $5,830,000. Integrity Investment Advisors LLC purchased a new stake in iShares California Muni Bond ETF during the 4th quarter valued at approximately $704,000. Fifth Third Bancorp purchased a new position in iShares California Muni Bond ETF during the 1st quarter valued at approximately $3,980,000. SmartHarvest Portfolios LLC purchased a new stake in iShares California Muni Bond ETF during the fourth quarter valued at approximately $563,000. Finally, Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in iShares California Muni Bond ETF during the second quarter worth $1,585,000.
iShares California Muni Bond ETF Company Profile
iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.
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