iShares California Muni Bond ETF (NYSEARCA:CMF) Shares Shorted: Short Interest Up 3,293.6% in September

iShares California Muni Bond ETF (NYSEARCA:CMF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 767,795 shares, a growth of 3,293.6% from the August 31st total of 22,625 shares. Based on an average trading volume of 1,710,404 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its holdings in shares of iShares California Muni Bond ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock worth $64,457,000 after purchasing an additional 97,204 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of iShares California Muni Bond ETF by 17.3% during the second quarter. Van Hulzen Asset Management LLC now owns 5,935 shares of the company’s stock valued at $342,000 after purchasing an additional 875 shares during the last quarter. Engineers Gate Manager LP bought a new position in iShares California Muni Bond ETF in the 2nd quarter worth approximately $1,959,000. Summit Financial Strategies Inc. acquired a new position in iShares California Muni Bond ETF during the 2nd quarter worth $201,000. Finally, Integrated Wealth Concepts LLC boosted its position in iShares California Muni Bond ETF by 28.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 52,445 shares of the company’s stock valued at $3,023,000 after buying an additional 11,691 shares during the last quarter.

iShares California Muni Bond ETF Stock Down 0.5%

Shares of CMF traded down $0.26 during trading hours on Thursday, hitting $54.39. The stock had a trading volume of 2,782,934 shares, compared to its average volume of 611,495. The company’s fifty day moving average is $56.22 and its two-hundred day moving average is $56.89. iShares California Muni Bond ETF has a 52 week low of $54.31 and a 52 week high of $58.44.

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.