iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Increase in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 15,300 shares, an increase of 80.0% from the September 30th total of 8,500 shares. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is currently 0.5 days.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

Shares of CALI opened at $50.62 on Monday. The business’s 50-day moving average price is $50.61 and its 200-day moving average price is $50.42. iShares Short-Term California Muni Active ETF has a twelve month low of $49.57 and a twelve month high of $50.78. The stock has a market cap of $174.64 million, a PE ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.1157 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.11. The ex-dividend date was Wednesday, October 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CALI. Integrated Wealth Concepts LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the first quarter worth approximately $1,080,000. Farther Finance Advisors LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the second quarter worth approximately $242,000. Cheviot Value Management LLC bought a new position in shares of iShares Short-Term California Muni Active ETF in the second quarter worth approximately $88,000. Finally, Union Savings Bank increased its position in shares of iShares Short-Term California Muni Active ETF by 34.0% in the second quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after purchasing an additional 1,662 shares during the last quarter.

About iShares Short-Term California Muni Active ETF

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.