Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Increases By 128.1%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 14,604 shares, a growth of 128.1% from the June 30th total of 6,402 shares. Based on an average trading volume of 129,292 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of iShares Short-Term California Muni Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter valued at approximately $629,000. JPMorgan Chase & Co. bought a new stake in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $46,000. Cary Street Partners Financial LLC grew its holdings in iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares during the last quarter. McIlrath & Eck LLC acquired a new position in iShares Short-Term California Muni Active ETF in the 1st quarter valued at approximately $1,390,000. Finally, Union Savings Bank acquired a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $350,000.

iShares Short-Term California Muni Active ETF Price Performance

Shares of NASDAQ CALI traded up $0.01 during mid-day trading on Wednesday, hitting $50.41. 41,632 shares of the stock traded hands, compared to its average volume of 92,238. The company has a market cap of $428.49 million, a PE ratio of -149.58 and a beta of 0.05. iShares Short-Term California Muni Active ETF has a twelve month low of $50.04 and a twelve month high of $51.39. The firm has a 50 day simple moving average of $50.43 and a two-hundred day simple moving average of $50.50.

iShares Short-Term California Muni Active ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.1046 dividend. The ex-dividend date was Wednesday, July 1st.

iShares Short-Term California Muni Active ETF Company Profile

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.