BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Sees Significant Decrease in Short Interest

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 2,600 shares, a decline of 21.2% from the May 31st total of 3,300 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is presently 0.4 days.

BlackRock Short-Term California Muni Bond ETF Trading Down 0.1 %

Shares of NASDAQ CALY traded down $0.04 during mid-day trading on Friday, reaching $50.19. 7,967 shares of the company were exchanged, compared to its average volume of 6,222. BlackRock Short-Term California Muni Bond ETF has a 1 year low of $49.68 and a 1 year high of $50.50. The firm has a 50-day moving average of $50.14 and a 200 day moving average of $50.21.

BlackRock Short-Term California Muni Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a dividend of $0.1363 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Monday, June 3rd.

Hedge Funds Weigh In On BlackRock Short-Term California Muni Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of CALY. Compass Wealth Management LLC purchased a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the 1st quarter valued at $130,000. TriaGen Wealth Management LLC acquired a new position in BlackRock Short-Term California Muni Bond ETF during the 1st quarter valued at about $258,000. Elmwood Wealth Management Inc. purchased a new stake in BlackRock Short-Term California Muni Bond ETF in the fourth quarter valued at about $440,000. Manhattan West Asset Management LLC acquired a new stake in BlackRock Short-Term California Muni Bond ETF in the fourth quarter worth about $1,146,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the fourth quarter worth about $3,424,000.

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.