iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Strong Trading Volume – Time to Buy?

iShares Short-Term California Muni Active ETF (NASDAQ:CALI – Get Free Report) shares saw unusually-high trading volume on Monday. Approximately 137,479 shares were traded during trading, an increase of 31% from the previous session’s volume of 104,780 shares. The stock last traded at $49.7450 and had previously closed at $49.83.

iShares Short-Term California Muni Active ETF Price Performance

The stock has a market capitalization of $522.53 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The stock has a 50 day moving average price of $50.29 and a 200-day moving average price of $50.39.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1003 per share. This is a decrease from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1046. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shah Wealth Advisors LLC purchased a new stake in iShares Short-Term California Muni Active ETF in the second quarter valued at approximately $322,000. Union Savings Bank acquired a new stake in iShares Short-Term California Muni Active ETF during the fourth quarter valued at approximately $350,000. Finally, McIlrath & Eck LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 1st quarter worth approximately $1,390,000.

iShares Short-Term California Muni Active ETF Company Profile

(Get Free Report)

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.

Further Reading

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