Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Drops By 56.4%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 10,712 shares, a decrease of 56.4% from the January 29th total of 24,580 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 59,008 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 59,008 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Hedge funds have recently made changes to their positions in the business. Cary Street Partners Financial LLC acquired a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at approximately $1,304,000. Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF during the 4th quarter valued at about $629,000. Graybill Wealth Management LTD. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth about $304,000. Cheviot Value Management LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 2nd quarter worth approximately $88,000. Finally, Union Savings Bank increased its stake in shares of iShares Short-Term California Muni Active ETF by 34.0% during the second quarter. Union Savings Bank now owns 6,554 shares of the company’s stock valued at $331,000 after acquiring an additional 1,662 shares during the period.

iShares Short-Term California Muni Active ETF Stock Performance

iShares Short-Term California Muni Active ETF stock traded up $0.02 during midday trading on Friday, reaching $50.76. The company’s stock had a trading volume of 66,454 shares, compared to its average volume of 77,937. iShares Short-Term California Muni Active ETF has a fifty-two week low of $49.57 and a fifty-two week high of $50.79. The firm has a market capitalization of $261.41 million, a PE ratio of -149.58 and a beta of 0.06. The stock’s 50 day simple moving average is $50.58 and its 200 day simple moving average is $50.57.

iShares Short-Term California Muni Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.0834 dividend. The ex-dividend date of this dividend was Monday, February 2nd.

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.