iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Update

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 14,604 shares, a growth of 128.1% from the June 30th total of 6,402 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 129,292 shares, the short-interest ratio is currently 0.1 days.

iShares Short-Term California Muni Active ETF Trading Down 0.1%

iShares Short-Term California Muni Active ETF stock traded down $0.03 during midday trading on Thursday, hitting $50.37. The stock had a trading volume of 16,137 shares, compared to its average volume of 91,982. iShares Short-Term California Muni Active ETF has a 52-week low of $50.04 and a 52-week high of $51.39. The company has a market capitalization of $428.14 million, a PE ratio of -149.58 and a beta of 0.05. The firm’s fifty day moving average is $50.43 and its two-hundred day moving average is $50.49.

iShares Short-Term California Muni Active ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1046 per share. The ex-dividend date was Wednesday, July 1st.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the first quarter worth about $1,390,000. Cary Street Partners Financial LLC raised its position in shares of iShares Short-Term California Muni Active ETF by 1.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after buying an additional 500 shares during the last quarter. Diversified Portfolios Inc. purchased a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $629,000. Union Savings Bank bought a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter worth $350,000. Finally, JPMorgan Chase & Co. purchased a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at $46,000.

About iShares Short-Term California Muni Active ETF

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.