Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Grows By 31.7%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 62,995 shares, an increase of 31.7% from the December 31st total of 47,822 shares. Based on an average daily trading volume, of 111,705 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.3% of the company’s stock are short sold. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 111,705 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of iShares Short-Term California Muni Active ETF

A number of large investors have recently made changes to their positions in CALI. JPMorgan Chase & Co. bought a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at approximately $46,000. Cheviot Value Management LLC purchased a new stake in iShares Short-Term California Muni Active ETF during the 2nd quarter valued at $88,000. Graybill Wealth Management LTD. bought a new position in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter valued at $304,000. Union Savings Bank boosted its stake in shares of iShares Short-Term California Muni Active ETF by 34.0% in the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after buying an additional 1,662 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $1,304,000.

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

CALI stock traded up $0.04 during midday trading on Tuesday, hitting $50.61. The company’s stock had a trading volume of 42,806 shares, compared to its average volume of 91,354. The company has a market cap of $260.64 million, a PE 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 $50.78. The firm’s 50-day moving average is $50.52 and its 200-day moving average is $50.54.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a $0.0834 dividend. The ex-dividend date of this dividend is Monday, February 2nd.

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.