AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Update

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 19,491 shares, a drop of 36.7% from the June 30th total of 30,795 shares. Based on an average trading volume of 80,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

AB California Intermediate Municipal ETF Trading Down 0.1%

Shares of CAM traded down $0.02 during trading hours on Thursday, reaching $24.84. The stock had a trading volume of 37,742 shares, compared to its average volume of 104,681. AB California Intermediate Municipal ETF has a 12 month low of $24.73 and a 12 month high of $25.61. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.69 and a beta of 0.18. The firm has a 50-day simple moving average of $25.03 and a 200 day simple moving average of $25.11.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

A number of hedge funds have recently bought and sold shares of CAM. Retirement Planning Group LLC purchased a new position in AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Fifth Third Bancorp purchased a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter worth approximately $1,486,000. Planned Solutions Inc. purchased a new stake in shares of AB California Intermediate Municipal ETF during the 4th quarter worth approximately $2,641,000. Bank of America Corp DE raised its holdings in shares of AB California Intermediate Municipal ETF by 7.8% in the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after purchasing an additional 26,157 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in AB California Intermediate Municipal ETF in the first quarter valued at approximately $311,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About AB California Intermediate Municipal ETF

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.