iShares California Muni Bond ETF (NYSEARCA:CMF) Shares Shorted: Short Interest Up 3,293.6% in September

iShares California Muni Bond ETF (NYSEARCA:CMF) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 767,795 shares, a growth of 3,293.6% from the August 31st total of 22,625 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 1,710,404 shares, the days-to-cover ratio is presently 0.4 days.

iShares California Muni Bond ETF Stock Down 0.5%

Shares of NYSEARCA CMF traded down $0.26 during mid-day trading on Thursday, hitting $54.39. The company’s stock had a trading volume of 2,782,934 shares, compared to its average volume of 611,495. The company’s fifty day simple moving average is $56.22 and its 200-day simple moving average is $56.89. iShares California Muni Bond ETF has a one year low of $54.31 and a one year high of $58.44.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several institutional investors have recently modified their holdings of CMF. Envestnet Asset Management Inc. increased its stake in shares of iShares California Muni Bond ETF by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock valued at $64,457,000 after acquiring an additional 97,204 shares during the last quarter. Van Hulzen Asset Management LLC raised its holdings in iShares California Muni Bond ETF by 17.3% in the second quarter. Van Hulzen Asset Management LLC now owns 5,935 shares of the company’s stock worth $342,000 after purchasing an additional 875 shares during the period. Engineers Gate Manager LP bought a new position in shares of iShares California Muni Bond ETF during the second quarter worth $1,959,000. Summit Financial Strategies Inc. acquired a new position in shares of iShares California Muni Bond ETF in the 2nd quarter valued at $201,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of iShares California Muni Bond ETF by 28.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 52,445 shares of the company’s stock valued at $3,023,000 after buying an additional 11,691 shares in the last quarter.

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.