Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Rises By 444.1%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 51,646 shares, a growth of 444.1% from the April 15th total of 9,492 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 126,357 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On AB California Intermediate Municipal ETF

A number of institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth approximately $311,000. Retirement Planning Group LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at approximately $513,000. Diversify Wealth Management LLC bought a new position in AB California Intermediate Municipal ETF in the first quarter worth approximately $301,000. Fifth Third Bancorp bought a new position in AB California Intermediate Municipal ETF in the first quarter worth approximately $1,486,000. Finally, DDFG Inc increased its holdings in AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares during the period. 85.00% of the stock is owned by hedge funds and other institutional investors.

AB California Intermediate Municipal ETF Trading Down 0.1%

NYSEARCA CAM opened at $25.01 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 7.74 and a beta of -0.20. AB California Intermediate Municipal ETF has a 12 month low of $24.85 and a 12 month high of $25.61. The company’s 50-day moving average price is $25.08 and its 200-day moving average price is $25.16.

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.