Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Drops By 36.7%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,491 shares, a decline of 36.7% from the June 30th total of 30,795 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 80,200 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Institutional investors have recently added to or reduced their stakes in the business. Planned Solutions Inc. bought a new position in AB California Intermediate Municipal ETF during the fourth quarter worth about $2,641,000. Fifth Third Bancorp bought a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at approximately $1,486,000. Bank of America Corp DE lifted its stake in shares of AB California Intermediate Municipal ETF by 7.8% during the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after buying an additional 26,157 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF during the 1st quarter valued at approximately $513,000. Finally, Sanctuary Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $311,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

AB California Intermediate Municipal ETF Trading Down 0.1%

Shares of CAM stock traded down $0.02 on Thursday, hitting $24.84. 37,742 shares of the stock were exchanged, compared to its average volume of 104,681. The firm has a market capitalization of $1.20 billion, a PE ratio of 7.69 and a beta of 0.18. AB California Intermediate Municipal ETF has a one year low of $24.73 and a one year high of $25.61. The firm’s 50 day moving average is $25.03 and its two-hundred day moving average is $25.11.

About AB California Intermediate Municipal ETF

Cameron International Corporation (Cameron), incorporated on November 10, 1994, provides flow equipment products, systems and services to worldwide oil, gas and process industries. The Company operates through four business segments: Subsea, Surface, Drilling and Valves & Measurement (V&M). The Subsea segment delivers integrated solutions, products, systems and services to the subsea oil and gas market, including integrated subsea production systems. Cameron’s Surface segment designs and manufactures wellhead and Christmas tree systemsfor onshore and offshore topside applications – from conventional to high-pressure, high temperature systems, to specialized systems for dry completions and heavy oil.