iShares California Muni Bond ETF (NYSEARCA:CMF) Stock Short Interest Report for October

iShares California Muni Bond ETF (NYSEARCA:CMF) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 201,361 shares, a drop of 84.9% from the October 15th total of 1,332,409 shares. Based on an average daily trading volume, of 1,720,191 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several large investors have recently bought and sold shares of the stock. Wealthfront Advisers LLC raised its holdings in shares of iShares California Muni Bond ETF by 21.3% in the 1st quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock worth $352,516,000 after purchasing an additional 1,089,990 shares in the last quarter. Syon Capital LLC boosted its holdings in iShares California Muni Bond ETF by 3.2% during the second quarter. Syon Capital LLC now owns 1,395,697 shares of the company’s stock worth $80,448,000 after buying an additional 43,569 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares California Muni Bond ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock worth $64,457,000 after buying an additional 97,204 shares during the last quarter. TIAA CREF Individual & Institutional Services LLC grew its position in iShares California Muni Bond ETF by 16.5% in the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 776,079 shares of the company’s stock worth $42,001,000 after buying an additional 109,731 shares during the last quarter. Finally, Royal Bank of Canada grew its position in iShares California Muni Bond ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 471,638 shares of the company’s stock worth $26,817,000 after buying an additional 21,217 shares during the last quarter.

iShares California Muni Bond ETF Trading Down 0.7%

NYSEARCA:CMF traded down $0.38 during mid-day trading on Thursday, hitting $55.78. The stock had a trading volume of 1,601,204 shares, compared to its average volume of 904,141. The company has a 50 day simple moving average of $55.05 and a 200-day simple moving average of $56.70. iShares California Muni Bond ETF has a 52 week low of $53.62 and a 52 week high of $58.44.

About iShares California Muni Bond ETF

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.