AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Significant Growth in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,072 shares, an increase of 1,181.8% from the August 15th total of 1,800 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 74,891 shares, the days-to-cover ratio is currently 0.3 days.

AB California Intermediate Municipal ETF Stock Performance

NYSEARCA:CAM traded down $0.10 on Thursday, hitting $24.44. 169,315 shares of the stock were exchanged, compared to its average volume of 107,415. AB California Intermediate Municipal ETF has a 52 week low of $24.42 and a 52 week high of $25.61. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.57 and a beta of -0.25. The company’s 50-day moving average price is $24.86 and its 200 day moving average price is $25.01.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Institutional investors and hedge funds have recently modified their holdings of the business. DDFG Inc lifted its holdings in 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 valued at $11,144,000 after buying an additional 9,883 shares during the period. Bank of America Corp DE raised its position in shares of 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 acquiring an additional 26,157 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at $1,486,000. Retirement Planning Group LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $513,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter valued at $311,000. 85.00% of the stock is owned by 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.