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

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 600 shares, a drop of 84.2% from the March 31st total of 3,800 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Wealth Management LLC acquired a new position in BlackRock Short-Term California Muni Bond ETF during the first quarter worth $130,000. TriaGen Wealth Management LLC acquired a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 1st quarter valued at $258,000. Elmwood Wealth Management Inc. acquired a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 4th quarter valued at $440,000. Manhattan West Asset Management LLC acquired a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 4th quarter valued at $1,146,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of BlackRock Short-Term California Muni Bond ETF in the 4th quarter valued at $3,424,000.

BlackRock Short-Term California Muni Bond ETF Price Performance

Shares of BlackRock Short-Term California Muni Bond ETF stock remained flat at $50.12 on Friday. The stock had a trading volume of 5,078 shares, compared to its average volume of 5,318. BlackRock Short-Term California Muni Bond ETF has a 1-year low of $49.68 and a 1-year high of $50.50. The business has a 50-day simple moving average of $50.19 and a 200-day simple moving average of $50.15.

BlackRock Short-Term California Muni Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.1336 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Monday, April 1st.

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.