First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Update

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 44,000 shares, an increase of 98.2% from the November 30th total of 22,200 shares. Based on an average trading volume of 22,200 shares, the short-interest ratio is currently 2.0 days.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

A number of hedge funds have recently added to or reduced their stakes in FCAL. LPL Financial LLC lifted its position in shares of First Trust California Municipal High Income ETF by 14.2% during the second quarter. LPL Financial LLC now owns 664,470 shares of the financial services provider’s stock worth $32,905,000 after purchasing an additional 82,860 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in First Trust California Municipal High Income ETF by 4.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,795,137 shares of the financial services provider’s stock worth $90,080,000 after buying an additional 77,896 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in First Trust California Municipal High Income ETF in the 3rd quarter valued at $1,004,000. Blue Zone Wealth Advisors LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at $742,000. Finally, Townsquare Capital LLC acquired a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at $406,000. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Up 0.0 %

FCAL stock traded up $0.01 during midday trading on Friday, reaching $49.32. 29,674 shares of the company’s stock traded hands, compared to its average volume of 24,333. The company has a market cap of $258.93 million, a price-to-earnings ratio of 129.79 and a beta of 0.15. The company has a 50-day simple moving average of $49.78 and a two-hundred day simple moving average of $49.88. First Trust California Municipal High Income ETF has a 1-year low of $47.43 and a 1-year high of $50.54.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1275 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.10%. First Trust California Municipal High Income ETF’s dividend payout ratio is 386.84%.

First Trust California Municipal High Income ETF Company Profile

First California Financial Group, Inc is a bank holding company for its wholly owned subsidiary First California Bank (the Bank). The Bank is a full-service commercial bank. The Bank’s operations are primarily located within the areas commonly known as the 101 corridor stretching from the City of Ventura to Calabasas, California, the Moorpark-Simi Valley corridor, the western San Fernando Valley, the Tri-Cities area of Glendale-Burbank-Pasadena, the South Bay, the Inland Empire, north San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California.