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

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 1,800 shares, a drop of 83.3% from the July 30th total of 10,752 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 162,973 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DDFG Inc boosted its stake in AB California Intermediate Municipal ETF by 2.3% during the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock worth $11,144,000 after purchasing an additional 9,883 shares during the last quarter. Bank of America Corp DE raised its position in shares of AB California Intermediate Municipal ETF by 7.8% in the first quarter. Bank of America Corp DE now owns 362,698 shares of the oil and gas company’s stock valued at $9,056,000 after buying an additional 26,157 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of AB California Intermediate Municipal ETF in the first quarter valued at about $1,486,000. Retirement Planning Group LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the first quarter worth about $513,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AB California Intermediate Municipal ETF in the first quarter worth about $311,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Trading Down 0.1%

NYSEARCA:CAM traded down $0.03 during trading hours on Wednesday, hitting $24.87. 11,951 shares of the stock were exchanged, compared to its average volume of 106,233. The firm’s fifty day moving average price is $24.96 and its 200 day moving average price is $25.06. AB California Intermediate Municipal ETF has a 52-week low of $24.73 and a 52-week high of $25.61. The company has a market cap of $1.21 billion, a P/E ratio of 7.70 and a beta of -0.22.

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.