AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Update

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,491 shares, a decline of 36.7% from the June 30th total of 30,795 shares. Based on an average daily volume of 80,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Several hedge funds have recently added to or reduced their stakes in the business. Diversify Wealth Management LLC acquired a new stake in AB California Intermediate Municipal ETF during the 1st quarter worth about $301,000. Sanctuary Advisors LLC purchased a new stake in shares of AB California Intermediate Municipal ETF in the first quarter worth about $311,000. Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF during the first quarter worth about $513,000. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF during the first quarter worth about $1,486,000. Finally, Planned Solutions Inc. purchased a new position in AB California Intermediate Municipal ETF during the fourth quarter valued at approximately $2,641,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

AB California Intermediate Municipal ETF Price Performance

NYSEARCA:CAM traded down $0.01 during midday trading on Friday, hitting $24.83. The company’s stock had a trading volume of 78,344 shares, compared to its average volume of 104,499. AB California Intermediate Municipal ETF has a fifty-two week low of $24.73 and a fifty-two week high of $25.61. The firm has a market cap of $1.20 billion, a P/E ratio of 7.69 and a beta of -0.19. The firm’s 50 day moving average is $25.03 and its 200-day moving average is $25.11.

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.