iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 52.8% in August

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 94,597 shares, an increase of 52.8% from the July 30th total of 61,913 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 130,945 shares, the days-to-cover ratio is currently 0.7 days.

iShares Short-Term California Muni Active ETF Price Performance

CALI traded down $0.13 during midday trading on Tuesday, hitting $50.28. 49,308 shares of the company’s stock traded hands, compared to its average volume of 96,588. The company has a market cap of $444.98 million, a PE ratio of -149.58 and a beta of 0.05. The stock’s fifty day simple moving average is $50.41 and its 200-day simple moving average is $50.46. iShares Short-Term California Muni Active ETF has a one year low of $50.04 and a one year high of $51.39.

iShares Short-Term California Muni Active ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1008 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Several institutional investors and hedge funds have recently modified their holdings of CALI. JPMorgan Chase & Co. acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the third quarter worth about $46,000. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 2nd quarter worth about $322,000. Union Savings Bank bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $350,000. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter valued at about $629,000. Finally, Cary Street Partners Financial LLC increased its holdings in shares of iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock valued at $1,324,000 after acquiring an additional 500 shares during the last quarter.

iShares Short-Term California Muni Active ETF Company Profile

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.