iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Trading Up 0.1% – Should You Buy?

Shares of iShares Short-Term California Muni Active ETF (NASDAQ:CALI) traded up 0.1% on Wednesday . The stock traded as high as $50.50 and last traded at $50.49. 64,771 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 88,659 shares. The stock had previously closed at $50.46.

iShares Short-Term California Muni Active ETF Price Performance

The company has a fifty day moving average of $50.44 and a 200 day moving average of $50.50. The firm has a market capitalization of $295.37 million, a P/E ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.0963 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, June 1st.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the 1st quarter worth about $1,390,000. Cary Street Partners Financial LLC bought a new position in iShares Short-Term California Muni Active ETF during the third quarter worth $1,304,000. Diversified Portfolios Inc. bought a new position in iShares Short-Term California Muni Active ETF during the fourth quarter worth $629,000. Union Savings Bank acquired a new stake in iShares Short-Term California Muni Active ETF in the fourth quarter worth $350,000. Finally, Graybill Wealth Management LTD. acquired a new stake in iShares Short-Term California Muni Active ETF in the third quarter worth $304,000.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY 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. CALI was launched on Jul 11, 2023 and is issued by BlackRock.