iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Growth in Short Interest

iShares California Muni Bond ETF (NYSEARCA:CMF) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 1,880,704 shares, an increase of 144.9% from the September 15th total of 767,795 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,018,587 shares, the days-to-cover ratio is currently 0.6 days.

iShares California Muni Bond ETF Stock Performance

Shares of CMF opened at $54.45 on Thursday. iShares California Muni Bond ETF has a 52 week low of $53.62 and a 52 week high of $58.44. The stock’s 50-day moving average price is $55.44 and its 200-day moving average price is $56.56.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Legacy Wealth Managment LLC ID increased its stake in shares of iShares California Muni Bond ETF by 11.9% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock valued at $102,000 after purchasing an additional 191 shares in the last quarter. Caldwell Trust Co acquired a new position in iShares California Muni Bond ETF in the 1st quarter worth about $122,000. Continuum Advisory LLC purchased a new position in iShares California Muni Bond ETF during the second quarter worth approximately $139,000. Geneos Wealth Management Inc. boosted its position in iShares California Muni Bond ETF by 89.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock worth $153,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in iShares California Muni Bond ETF during the first quarter worth approximately $196,000.

iShares California Muni Bond ETF Company Profile

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.