iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 346.4% in February

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 47,823 shares, a growth of 346.4% from the February 12th total of 10,712 shares. Based on an average daily trading volume, of 63,692 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 63,692 shares, the days-to-cover ratio is presently 0.8 days.

iShares Short-Term California Muni Active ETF Price Performance

CALI stock opened at $50.56 on Friday. The firm’s fifty day simple moving average is $50.62 and its 200-day simple moving average is $50.58. The company has a market capitalization of $260.38 million, a P/E ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 12 month low of $49.57 and a 12 month high of $50.79.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.099 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Several institutional investors have recently made changes to their positions in CALI. Union Savings Bank grew its holdings in 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 valued at $331,000 after purchasing an additional 1,662 shares during the period. Cheviot Value Management LLC acquired a new stake in iShares Short-Term California Muni Active ETF in the 2nd quarter valued at $88,000. JPMorgan Chase & Co. purchased a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter worth $46,000. Cary Street Partners Financial LLC purchased a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $1,304,000. Finally, Graybill Wealth Management LTD. purchased a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $304,000.

iShares Short-Term California Muni Active ETF Company Profile

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. CALI was launched on Jul 11, 2023 and is issued by BlackRock.