Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Sees Large Increase in Short Interest

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 209,386 shares, a growth of 459.6% from the October 15th total of 37,418 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 193,937 shares, the days-to-cover ratio is currently 1.1 days.

Dimensional California Municipal Bond ETF Trading Up 0.2%

Shares of NYSEARCA:DFCA traded up $0.12 during midday trading on Wednesday, hitting $49.52. 20,314 shares of the company’s stock were exchanged, compared to its average volume of 130,634. Dimensional California Municipal Bond ETF has a 12 month low of $47.30 and a 12 month high of $50.78. The stock has a 50 day moving average price of $48.49 and a 200-day moving average price of $49.67.

Hedge Funds Weigh In On Dimensional California Municipal Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in shares of Dimensional California Municipal Bond ETF during the third quarter valued at approximately $788,000. HighTower Advisors LLC bought a new stake in Dimensional California Municipal Bond ETF during the third quarter worth $17,643,000. Seaside Wealth Management Inc. raised its position in Dimensional California Municipal Bond ETF by 35.3% in the 3rd quarter. Seaside Wealth Management Inc. now owns 8,581 shares of the company’s stock valued at $409,000 after buying an additional 2,238 shares during the last quarter. Altiora Financial Group LLC purchased a new stake in Dimensional California Municipal Bond ETF in the 3rd quarter valued at $2,384,000. Finally, Burton Enright Welch raised its position in Dimensional California Municipal Bond ETF by 8.6% in the 3rd quarter. Burton Enright Welch now owns 21,542 shares of the company’s stock valued at $1,027,000 after buying an additional 1,701 shares during the last quarter.

About Dimensional California Municipal Bond ETF

The Dimensional California Municipal Bond ETF (DFCA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets investment grade municipal securities that are exempt from federal and California state income tax. These securities have intermediate-term maturities in nature. DFCA was launched on Jun 26, 2023 and is managed by Dimensional.