Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Decreases By 67.7%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 16,664 shares, a drop of 67.7% from the April 30th total of 51,646 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,024 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of AB California Intermediate Municipal ETF by 7.8% in the 1st quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock worth $9,056,000 after buying an additional 26,157 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the 1st quarter worth $311,000. Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at $513,000. Diversify Wealth Management LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at $301,000. Finally, Fifth Third Bancorp purchased a new stake in shares of AB California Intermediate Municipal ETF during the first quarter worth about $1,486,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

AB California Intermediate Municipal ETF Trading Up 0.1%

Shares of NYSEARCA CAM traded up $0.03 on Friday, reaching $25.10. 190,868 shares of the company traded hands, compared to its average volume of 104,006. The stock has a market capitalization of $1.13 billion, a PE ratio of 7.77 and a beta of 0.19. The company has a 50 day moving average of $25.01 and a 200 day moving average of $25.14. AB California Intermediate Municipal ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.61.

About AB California Intermediate Municipal ETF

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.