AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Down 67.7% in May

AB California Intermediate Municipal ETF (NYSEARCA:CAM) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 16,664 shares, a drop of 67.7% from the April 30th total of 51,646 shares. Based on an average daily volume of 127,024 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

AB California Intermediate Municipal ETF Stock Performance

AB California Intermediate Municipal ETF stock opened at $25.10 on Monday. The stock has a market cap of $1.13 billion, a P/E ratio of 7.77 and a beta of 0.23. AB California Intermediate Municipal ETF has a fifty-two week low of $24.85 and a fifty-two week high of $25.61. The firm’s fifty day moving average price is $25.01 and its 200-day moving average price is $25.14.

Institutional Trading of AB California Intermediate Municipal ETF

Several institutional investors and hedge funds have recently modified their holdings of CAM. Planned Solutions Inc. purchased a new position in shares of AB California Intermediate Municipal ETF during the fourth quarter worth about $2,641,000. Bank of America Corp DE raised its stake in 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 valued at $9,056,000 after purchasing an additional 26,157 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in AB California Intermediate Municipal ETF during the first quarter valued at approximately $311,000. Retirement Planning Group LLC bought a new stake in AB California Intermediate Municipal ETF during the first quarter valued at approximately $513,000. Finally, Diversify Wealth Management LLC purchased a new position in AB California Intermediate Municipal ETF in the 1st quarter worth approximately $301,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

AB California Intermediate Municipal ETF Company Profile

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.