Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Stock Short Interest Rises 459.6%

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 209,386 shares, an increase of 459.6% from the October 15th total of 37,418 shares. Based on an average daily trading volume, of 193,937 shares, the short-interest ratio is presently 1.1 days. Currently, 1.9% of the company’s shares are sold short.

Hedge Funds Weigh In On Dimensional California Municipal Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in DFCA. Private Advisor Group LLC bought a new position in Dimensional California Municipal Bond ETF in the third quarter worth approximately $788,000. HighTower Advisors LLC bought a new stake in shares of Dimensional California Municipal Bond ETF during the third quarter valued at approximately $17,643,000. Seaside Wealth Management Inc. increased its holdings in shares of Dimensional California Municipal Bond ETF by 35.3% during the third quarter. Seaside Wealth Management Inc. now owns 8,581 shares of the company’s stock valued at $409,000 after acquiring an additional 2,238 shares in the last quarter. Altiora Financial Group LLC acquired a new position in shares of Dimensional California Municipal Bond ETF during the third quarter worth approximately $2,384,000. Finally, Burton Enright Welch grew its position in Dimensional California Municipal Bond ETF by 8.6% in the 3rd quarter. Burton Enright Welch now owns 21,542 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,701 shares during the period.

Dimensional California Municipal Bond ETF Trading Up 0.2%

Shares of DFCA stock traded up $0.12 on Wednesday, hitting $49.52. The company had a trading volume of 20,314 shares, compared to its average volume of 130,634. Dimensional California Municipal Bond ETF has a twelve month low of $47.30 and a twelve month high of $50.78. The stock’s 50-day moving average is $48.49 and its two-hundred day moving average is $49.67.

Dimensional California Municipal Bond ETF Company Profile

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.