Short Interest in BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Decreases By 21.2%

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was the target of a significant 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 currently 0.4 days.

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

Hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI lifted its stake in shares of BlackRock Short-Term California Muni Bond ETF by 2.5% in the first quarter. Citizens Financial Group Inc. RI now owns 69,731 shares of the company’s stock worth $3,504,000 after buying an additional 1,698 shares in the last quarter. Manhattan West Asset Management LLC lifted its stake in shares of BlackRock Short-Term California Muni Bond ETF by 181.3% in the first quarter. Manhattan West Asset Management LLC now owns 64,057 shares of the company’s stock worth $3,219,000 after buying an additional 41,288 shares in the last quarter. TriaGen Wealth Management LLC bought a new position in shares of BlackRock Short-Term California Muni Bond ETF in the first quarter worth approximately $258,000. Compass Wealth Management LLC bought a new position in shares of BlackRock Short-Term California Muni Bond ETF in the first quarter worth approximately $130,000. Finally, Elmwood Wealth Management Inc. bought a new position in shares of BlackRock Short-Term California Muni Bond ETF in the fourth quarter worth approximately $440,000.

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

NASDAQ:CALY traded down $0.04 during mid-day trading on Friday, hitting $50.19. 7,967 shares of the company’s stock were exchanged, compared to its average volume of 6,222. BlackRock Short-Term California Muni Bond ETF has a one year low of $49.68 and a one year high of $50.50. The business has a fifty day moving average price of $50.14 and a 200 day moving average price of $50.21.

BlackRock Short-Term California Muni Bond ETF Announces Dividend

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

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.