iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Sees Large Growth in Short Interest

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 37,646 shares, a growth of 212.2% from the November 30th total of 12,060 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 49,194 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 49,194 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in iShares Short-Term California Muni Active ETF in the third quarter worth approximately $46,000. Union Savings Bank grew its position in shares of iShares Short-Term California Muni Active ETF by 34.0% during the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock worth $331,000 after buying an additional 1,662 shares during the period. Cheviot Value Management LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 2nd quarter valued at $88,000. Farther Finance Advisors LLC acquired a new position in shares of iShares Short-Term California Muni Active ETF during the 2nd quarter valued at $242,000. Finally, Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF during the third quarter worth $304,000.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI stock opened at $50.44 on Friday. The company has a 50-day simple moving average of $50.52 and a 200 day simple moving average of $50.50. iShares Short-Term California Muni Active ETF has a 52 week low of $49.57 and a 52 week high of $50.78. The company has a market capitalization of $174.02 million, a price-to-earnings ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.1142 per share. The ex-dividend date of this dividend was Friday, December 19th.

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.