Short Interest in AB California Intermediate Municipal ETF (NYSEARCA:CAM) Drops By 44.8%

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,752 shares, a drop of 44.8% from the July 15th total of 19,491 shares. Based on an average trading volume of 83,773 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

AB California Intermediate Municipal ETF Stock Down 0.1%

CAM opened at $24.85 on Wednesday. The business has a fifty day moving average of $24.98 and a 200 day moving average of $25.08. The stock has a market cap of $1.21 billion, a P/E ratio of 7.69 and a beta of -0.23. AB California Intermediate Municipal ETF has a 52-week low of $24.73 and a 52-week high of $25.61.

Institutional Trading of AB California Intermediate Municipal ETF

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings 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 worth $9,056,000 after purchasing an additional 26,157 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at about $311,000. Retirement Planning Group LLC bought a new stake in AB California Intermediate Municipal ETF during the 1st quarter valued at about $513,000. Diversify Wealth Management LLC purchased a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Finally, Fifth Third Bancorp purchased a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $1,486,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

About AB California Intermediate Municipal ETF

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.