iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Drop in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 64,050 shares, a decrease of 38.6% from the August 31st total of 104,397 shares. Based on an average daily volume of 147,961 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

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

Several institutional investors have recently added to or reduced their stakes in CALI. Shah Wealth Advisors LLC acquired a new position in iShares Short-Term California Muni Active ETF in the 2nd quarter worth $322,000. McIlrath & Eck LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 1st quarter valued at about $1,390,000. Finally, Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter valued at about $350,000.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI stock opened at $49.76 on Friday. iShares Short-Term California Muni Active ETF has a 52 week low of $49.66 and a 52 week high of $51.39. The company’s 50 day moving average price is $50.24 and its two-hundred day moving average price is $50.36. The company has a market capitalization of $537.41 million, a P/E ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.1043 per share. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 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.