iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Decrease in Short Interest

iShares California Muni Bond ETF (NYSEARCA:CMF) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 37,823 shares, a decrease of 94.0% from the July 15th total of 625,382 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 507,800 shares, the days-to-cover ratio is currently 0.1 days.

iShares California Muni Bond ETF Stock Performance

Shares of NYSEARCA:CMF traded up $0.05 during trading on Wednesday, reaching $56.88. 199,464 shares of the company were exchanged, compared to its average volume of 478,722. The business’s fifty day simple moving average is $57.16 and its 200-day simple moving average is $57.35. iShares California Muni Bond ETF has a 12-month low of $55.56 and a 12-month high of $58.44.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in iShares California Muni Bond ETF by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock worth $484,964,000 after purchasing an additional 703,735 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of iShares California Muni Bond ETF by 21.3% in the first quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock worth $352,516,000 after buying an additional 1,089,990 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of iShares California Muni Bond ETF by 73.7% during the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock worth $99,922,000 after buying an additional 760,870 shares during the period. Morgan Stanley grew its holdings in shares of iShares California Muni Bond ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 1,790,589 shares of the company’s stock valued at $102,887,000 after buying an additional 20,936 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of iShares California Muni Bond ETF by 40.0% in the 3rd quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after acquiring an additional 468,664 shares during the period.

iShares California Muni Bond ETF Company Profile

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.