Short Interest in BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Expands By 45.5%

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,200 shares, a growth of 45.5% from the August 31st total of 2,200 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Short-Term California Muni Bond ETF Price Performance

NASDAQ:CALY remained flat at $50.53 on Friday. 6,682 shares of the company’s stock were exchanged, compared to its average volume of 5,552. BlackRock Short-Term California Muni Bond ETF has a one year low of $49.68 and a one year high of $50.55. The business has a 50-day simple moving average of $50.39 and a two-hundred day simple moving average of $50.24.

BlackRock Short-Term California Muni Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1283 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On BlackRock Short-Term California Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI grew its stake in shares of BlackRock Short-Term California Muni Bond ETF by 0.6% in the second quarter. Citizens Financial Group Inc. RI now owns 70,163 shares of the company’s stock worth $3,522,000 after acquiring an additional 432 shares in the last quarter. TriaGen Wealth Management LLC increased its holdings in BlackRock Short-Term California Muni Bond ETF by 33.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 6,867 shares of the company’s stock worth $345,000 after purchasing an additional 1,729 shares during the period. AlphaStar Capital Management LLC raised its position in BlackRock Short-Term California Muni Bond ETF by 28.8% in the 2nd quarter. AlphaStar Capital Management LLC now owns 7,818 shares of the company’s stock valued at $392,000 after purchasing an additional 1,746 shares in the last quarter. Compass Wealth Management LLC purchased a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 1st quarter valued at about $130,000. Finally, Bell Investment Advisors Inc grew its position in shares of BlackRock Short-Term California Muni Bond ETF by 641.9% during the second quarter. Bell Investment Advisors Inc now owns 7,538 shares of the company’s stock worth $378,000 after buying an additional 6,522 shares in the last quarter.

BlackRock Short-Term California Muni Bond ETF Company Profile

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.