AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Down 83.3% in August

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,800 shares, a decline of 83.3% from the July 30th total of 10,752 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 162,973 shares, the short-interest ratio is presently 0.0 days.

AB California Intermediate Municipal ETF Stock Down 0.1%

Shares of CAM traded down $0.03 during midday trading on Friday, reaching $24.83. 52,755 shares of the stock were exchanged, compared to its average volume of 106,070. AB California Intermediate Municipal ETF has a twelve month low of $24.73 and a twelve month high of $25.61. The company has a market cap of $1.20 billion, a P/E ratio of 7.69 and a beta of -0.22. The stock’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $25.06.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. DDFG Inc raised its stake in shares of AB California Intermediate Municipal ETF by 2.3% in the first quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares during the last quarter. Bank of America Corp DE grew its holdings in AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after purchasing an additional 26,157 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at approximately $1,486,000. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the 1st quarter worth approximately $513,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter worth 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.