iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Significant Increase in Short Interest

iShares California Muni Bond ETF (NYSEARCA:CMF) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,880,704 shares, a growth of 144.9% from the September 15th total of 767,795 shares. Based on an average daily trading volume, of 3,018,587 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.1% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares California Muni Bond ETF

A number of institutional investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID boosted its holdings in iShares California Muni Bond ETF by 11.9% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock worth $102,000 after purchasing an additional 191 shares during the period. Caldwell Trust Co bought a new stake in iShares California Muni Bond ETF during the first quarter valued at $122,000. Continuum Advisory LLC bought a new stake in iShares California Muni Bond ETF during the second quarter valued at $139,000. Geneos Wealth Management Inc. raised its holdings in shares of iShares California Muni Bond ETF by 89.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock worth $153,000 after purchasing an additional 1,269 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of iShares California Muni Bond ETF during the first quarter worth $196,000.

iShares California Muni Bond ETF Trading Down 0.1%

NYSEARCA:CMF traded down $0.04 during trading hours on Wednesday, reaching $54.45. 2,471,382 shares of the stock were exchanged, compared to its average volume of 831,705. The firm has a 50 day simple moving average of $55.48 and a 200-day simple moving average of $56.57. iShares California Muni Bond ETF has a 52 week low of $53.62 and a 52 week high of $58.44.

iShares California Muni Bond ETF Company Profile

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.