BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Short Interest Up 32.0% in May

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALYGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,300 shares, an increase of 32.0% from the May 15th total of 2,500 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CALY. Citizens Financial Group Inc. RI boosted its holdings 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 acquiring an additional 1,698 shares during the period. Manhattan West Asset Management LLC grew its holdings in BlackRock Short-Term California Muni Bond ETF by 181.3% during the 1st quarter. Manhattan West Asset Management LLC now owns 64,057 shares of the company’s stock valued at $3,219,000 after buying an additional 41,288 shares in the last quarter. TriaGen Wealth Management LLC bought a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the first quarter valued at about $258,000. Compass Wealth Management LLC purchased a new stake in shares of BlackRock Short-Term California Muni Bond ETF in the first quarter worth about $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 valued at approximately $440,000.

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

Shares of NASDAQ CALY traded up $0.03 during mid-day trading on Friday, reaching $50.21. 2,743 shares of the company’s stock were exchanged, compared to its average volume of 6,431. The firm has a 50-day moving average price of $50.12 and a two-hundred day moving average price of $50.21. BlackRock Short-Term California Muni Bond ETF has a 52 week low of $49.68 and a 52 week high of $50.50.

BlackRock Short-Term California Muni Bond ETF Dividend Announcement

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

BlackRock Short-Term California Muni Bond ETF Company Profile

(Get Free Report)

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.

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