AB California Intermediate Municipal ETF (NYSEARCA:CAM) Sees Significant Increase in Short Interest

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 348,105 shares, a growth of 195.1% from the September 30th total of 117,957 shares. Based on an average daily trading volume, of 473,826 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are short sold.

AB California Intermediate Municipal ETF Trading Up 0.0%

Shares of NYSEARCA:CAM traded up $0.01 during mid-day trading on Thursday, reaching $24.55. The stock had a trading volume of 243,180 shares, compared to its average volume of 147,008. The firm has a 50 day simple moving average of $24.43 and a two-hundred day simple moving average of $24.92. AB California Intermediate Municipal ETF has a twelve month low of $23.94 and a twelve month high of $25.61. The firm has a market cap of $1.22 billion, a PE ratio of 7.60 and a beta of -0.43.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of AB California Intermediate Municipal ETF during the first quarter worth about $1,486,000. Bank of America Corp DE lifted its position in shares of AB California Intermediate Municipal ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after purchasing an additional 26,157 shares in the last quarter. Retirement Planning Group LLC acquired a new position in AB California Intermediate Municipal ETF during the first quarter worth $513,000. Sowell Financial Services LLC bought a new position in AB California Intermediate Municipal ETF in the third quarter valued at $391,000. Finally, Sanctuary Advisors LLC bought a new position in AB California Intermediate Municipal ETF in the first quarter valued at $311,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

AB California Intermediate Municipal ETF Company Profile

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.