Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Decreases By 79.9%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 6,402 shares, a drop of 79.9% from the June 15th total of 31,855 shares. Based on an average trading volume of 77,613 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares Short-Term California Muni Active ETF Stock Up 0.0%

Shares of CALI traded up $0.01 during trading hours on Friday, reaching $50.43. The company’s stock had a trading volume of 92,216 shares, compared to its average volume of 91,120. The firm has a market cap of $411.00 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. iShares Short-Term California Muni Active ETF has a 1-year low of $50.04 and a 1-year high of $50.79. The company has a 50 day moving average of $50.43 and a two-hundred day moving average of $50.50.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.1046 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC purchased a new stake in iShares Short-Term California Muni Active ETF in the 1st quarter worth approximately $1,390,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter valued at $350,000. Cary Street Partners Financial LLC increased its stake in shares of iShares Short-Term California Muni Active ETF by 1.9% in the fourth quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares during the last quarter. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter worth $629,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $46,000.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.