AB California Intermediate Municipal ETF (NYSEARCA:CAM) Stock Short Interest Declines 98.0%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 6,903 shares, a drop of 98.0% from the October 15th total of 348,105 shares. Based on an average daily volume of 299,803 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

AB California Intermediate Municipal ETF Price Performance

CAM traded down $0.10 on Thursday, hitting $24.61. 99,905 shares of the stock were exchanged, compared to its average volume of 149,482. AB California Intermediate Municipal ETF has a 12 month low of $23.94 and a 12 month high of $25.61. The business has a 50-day moving average of $24.39 and a two-hundred day moving average of $24.90. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.62 and a beta of -0.24.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of AB California Intermediate Municipal ETF during the first quarter valued at about $1,486,000. Commonwealth Equity Services LLC bought a new position in AB California Intermediate Municipal ETF in the 3rd quarter valued at approximately $1,379,000. Lido Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the 3rd quarter valued at approximately $775,000. West Family Investments Inc. bought a new position in AB California Intermediate Municipal ETF in the 3rd quarter valued at approximately $656,000. Finally, Bank of America Corp DE boosted 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 during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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.