BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Sees Large Decline in Short Interest

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,600 shares, a drop of 21.2% from the May 31st total of 3,300 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of BlackRock Short-Term California Muni Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Compass Wealth Management LLC bought a new stake in BlackRock Short-Term California Muni Bond ETF during the 1st quarter valued at $130,000. TriaGen Wealth Management LLC purchased a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the first quarter worth about $258,000. Elmwood Wealth Management Inc. bought a new stake in shares of BlackRock Short-Term California Muni Bond ETF in the fourth quarter worth about $440,000. Manhattan West Asset Management LLC purchased a new position in BlackRock Short-Term California Muni Bond ETF during the 4th quarter valued at about $1,146,000. Finally, Citizens Financial Group Inc. RI bought a new position in BlackRock Short-Term California Muni Bond ETF during the 4th quarter valued at approximately $3,424,000.

BlackRock Short-Term California Muni Bond ETF Price Performance

BlackRock Short-Term California Muni Bond ETF stock remained flat at $50.06 during midday trading on Monday. The company had a trading volume of 12,248 shares, compared to its average volume of 6,269. The stock’s 50-day moving average price is $50.14 and its 200-day moving average price is $50.20. BlackRock Short-Term California Muni Bond ETF has a twelve month low of $49.68 and a twelve month high of $50.50.

BlackRock Short-Term California Muni Bond ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.1334 per share. The ex-dividend date of this dividend is Monday, July 1st.

About BlackRock Short-Term California Muni Bond ETF

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.