Short traders are feeling a little more bullish on shares of Blackrock California Municipal if you pay attention to the fall in short interest. The firm experienced a fall in short interest of -31.55% as of the latest report on October 13, 2017. Short shares fell 2,244 over that timeframe.
A few notable investment firms have updated their holdings. Ameriprise Financial Inc grew its stake by buying 41,905 shares an increase of 48.6% in the quarter. Ameriprise Financial Inc now controls 128,211 shares with a value of $1,935,000. The value of the position overall is up by 47.9%. As of the end of the quarter Bank Of NEW York Mellon Corp had bought 1 shares growing its holdings by 12.5%. The value in dollars went from $0 to $0 a change of nan% quarter over quarter.
Stratos Wealth Partners, Ltd. reduced its ownership by shedding 400 shares a decrease of 1.1%. Stratos Wealth Partners, Ltd. claims 37,250 shares worth $561,000. The total value of its holdings decreased 1.8%. As of quarter end Ubs Group Ag had acquired a total of 124,505 shares growing its stake by 4,852.1%. The value of the investment in Blackrock California Municipal increased from $39,000 to $1,915,000 increasing 4,810.3% quarter to quarter.
The company is up from yesterday’s close of $15.00. It is currently trading at $15.02 just a bit lower than $15.03, the 50 day moving average and which is just a bit below the 200 day moving average of $15.05. The 50 day moving average was down $-0.01 or -0.06% whereas the 200 day average was down by -0.22%.
BlackRock California Municipal 2018 Term Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust?s investment objective is to provide monthly income that is exempt from regular federal and California income tax. The Trust will invest at least 80% of its total assets in municipal bonds that are of investment-grade quality, or determined by BlackRock to be of equivalent credit quality at the time of purchase. The Trust may invest up to 20% of its total assets in municipal bonds that are rated, at the time of investment, Ba/BB or B by Moody’s Investors Service (Moody’s), Standard & Poor’s (S&P) or Fitch Ratings (Fitch), or that are unrated but judged to be of comparable quality by BlackRock. The Trust?s investment advisor is BlackRock Advisors, LLC (formerly known as BlackRock Advisors, Inc.)..