AB California Intermediate Municipal ETF (NYSEARCA:CAM) Short Interest Update

AB California Intermediate Municipal ETF (NYSEARCA:CAM) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 10,953 shares, a decline of 34.3% from the May 14th total of 16,664 shares. Based on an average trading volume of 150,055 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

CAM traded up $0.01 during midday trading on Tuesday, hitting $25.08. The company had a trading volume of 3,611 shares, compared to its average volume of 109,992. The company has a market capitalization of $1.13 billion, a PE ratio of 7.76 and a beta of -0.15. AB California Intermediate Municipal ETF has a twelve month low of $24.85 and a twelve month high of $25.61. The firm’s 50-day simple moving average is $25.03 and its 200-day simple moving average is $25.13.

Institutional Investors Weigh In On AB California Intermediate Municipal ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAM. Planned Solutions Inc. acquired a new stake in AB California Intermediate Municipal ETF in the 4th quarter valued at about $2,641,000. DDFG Inc increased its position in AB California Intermediate Municipal ETF by 2.3% in the 1st quarter. DDFG Inc now owns 446,341 shares of the oil and gas company’s stock valued at $11,144,000 after acquiring an additional 9,883 shares in the last quarter. Fifth Third Bancorp acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $1,486,000. Diversify Wealth Management LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $301,000. Finally, Retirement Planning Group LLC acquired a new stake in AB California Intermediate Municipal ETF in the 1st quarter valued at about $513,000. Institutional investors and hedge funds 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.