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

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 61,913 shares, an increase of 323.9% from the July 15th total of 14,604 shares. Based on an average daily volume of 96,866 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

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

A number of hedge funds have recently bought and sold shares of CALI. JPMorgan Chase & Co. purchased a new stake in iShares Short-Term California Muni Active ETF during the 3rd quarter valued at about $46,000. Union Savings Bank bought a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth approximately $350,000. Diversified Portfolios Inc. purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at approximately $629,000. Cary Street Partners Financial LLC grew its holdings 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. Finally, McIlrath & Eck LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the first quarter valued at approximately $1,390,000.

iShares Short-Term California Muni Active ETF Price Performance

CALI stock traded down $0.01 on Friday, reaching $50.40. 14,362 shares of the company traded hands, compared to its average volume of 94,034. The firm has a fifty day simple moving average of $50.42 and a 200-day simple moving average of $50.48. The company has a market cap of $446.04 million, a P/E ratio of -149.58 and a beta of 0.05. iShares Short-Term California Muni Active ETF has a one year low of $50.04 and a one year high of $51.39.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1008 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 2.4%.

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.