iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Short Interest Up 619.7% in April

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 59,377 shares, an increase of 619.7% from the April 15th total of 8,250 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 83,543 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CALI. JPMorgan Chase & Co. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at about $46,000. Graybill Wealth Management LTD. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at about $304,000. Union Savings Bank acquired a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at about $350,000. Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at about $629,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at about $1,304,000.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI traded down $0.02 during trading hours on Wednesday, reaching $50.40. 111,723 shares of the company traded hands, compared to its average volume of 81,927. The stock’s fifty day moving average is $50.46 and its 200 day moving average is $50.53. The stock has a market cap of $294.84 million, a P/E ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 1-year low of $50.04 and a 1-year high of $50.79.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1159 per share. This is an increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 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.