iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Stock Short Interest Report for October

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 46,616 shares, a decline of 49.6% from the September 30th total of 92,576 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 256,484 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Several hedge funds have recently made changes to their positions in CALI. Shah Wealth Advisors LLC purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the 2nd quarter valued at about $322,000. Farther Finance Advisors LLC boosted its position in shares of iShares Short-Term California Muni Active ETF by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock valued at $386,000 after purchasing an additional 875 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of iShares Short-Term California Muni Active ETF by 69.8% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 14,453 shares of the company’s stock valued at $720,000 after purchasing an additional 5,939 shares during the period. McIlrath & Eck LLC purchased a new position in iShares Short-Term California Muni Active ETF during the 1st quarter worth approximately $1,390,000. Finally, Fortitude Family Office LLC purchased a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $2,090,000.

iShares Short-Term California Muni Active ETF Price Performance

Shares of iShares Short-Term California Muni Active ETF stock traded up $0.04 during trading hours on Friday, hitting $50.26. The company had a trading volume of 175,134 shares, compared to its average volume of 127,032. The company’s 50-day moving average is $50.08 and its two-hundred day moving average is $50.38. iShares Short-Term California Muni Active ETF has a twelve month low of $49.66 and a twelve month high of $51.39. The company has a market cap of $668.46 million, a P/E ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.1043 dividend. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, October 1st.

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.