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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 27,475 shares, a decrease of 42.5% from the February 26th total of 47,823 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 63,385 shares, the short-interest ratio is presently 0.4 days.

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

NASDAQ:CALI opened at $50.38 on Friday. The stock has a 50-day moving average price of $50.60 and a 200 day moving average price of $50.57. The stock has a market capitalization of $259.46 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 company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.099 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 2nd.

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

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter worth about $46,000. Cheviot Value Management LLC bought a new position in iShares Short-Term California Muni Active ETF during the 2nd quarter valued at about $88,000. Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter valued at about $304,000. Union Savings Bank purchased a new stake in iShares Short-Term California Muni Active ETF in the 4th quarter worth about $350,000. Finally, Diversified Portfolios Inc. purchased a new stake in iShares Short-Term California Muni Active ETF in the 4th quarter worth about $629,000.

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