Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) Short Interest Up 180.3% in May

Dimensional California Municipal Bond ETF (NYSEARCA:DFCA) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 51,537 shares, a growth of 180.3% from the April 30th total of 18,385 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 75,957 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Dimensional California Municipal Bond ETF

Several institutional investors have recently added to or reduced their stakes in DFCA. JPMorgan Chase & Co. boosted its stake in Dimensional California Municipal Bond ETF by 704.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,909 shares of the company’s stock valued at $685,000 after purchasing an additional 12,179 shares during the period. Jane Street Group LLC boosted its stake in Dimensional California Municipal Bond ETF by 73.3% in the 2nd quarter. Jane Street Group LLC now owns 50,415 shares of the company’s stock valued at $2,484,000 after purchasing an additional 21,325 shares during the period. EP Wealth Advisors LLC bought a new stake in Dimensional California Municipal Bond ETF in the 2nd quarter valued at $791,000. Hurlow Wealth Management Group Inc. raised its holdings in Dimensional California Municipal Bond ETF by 6.2% in the 3rd quarter. Hurlow Wealth Management Group Inc. now owns 6,966 shares of the company’s stock valued at $347,000 after acquiring an additional 405 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Dimensional California Municipal Bond ETF in the 3rd quarter valued at $8,173,000.

Dimensional California Municipal Bond ETF Stock Performance

DFCA traded up $0.08 during trading on Friday, hitting $50.05. The stock had a trading volume of 56,419 shares, compared to its average volume of 61,524. The company has a 50 day moving average price of $49.99 and a 200-day moving average price of $50.19. Dimensional California Municipal Bond ETF has a one year low of $48.93 and a one year high of $50.78.

Dimensional California Municipal Bond ETF Company Profile

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.