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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 16,600 shares, a growth of 52.3% from the September 30th total of 10,900 shares. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in First Trust California Municipal High Income ETF by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,655 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 279 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 3.8% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 11,345 shares of the financial services provider’s stock worth $544,000 after buying an additional 420 shares during the last quarter. Running Point Capital Advisors LLC raised its position in shares of First Trust California Municipal High Income ETF by 2.5% during the 3rd quarter. Running Point Capital Advisors LLC now owns 36,287 shares of the financial services provider’s stock valued at $1,770,000 after buying an additional 872 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of First Trust California Municipal High Income ETF by 319.6% during the 2nd quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in First Trust California Municipal High Income ETF by 6.5% in the first quarter. Mutual Advisors LLC now owns 23,009 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 1,396 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

NASDAQ:FCAL opened at $49.26 on Tuesday. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.54. The stock has a fifty day moving average of $48.79 and a 200 day moving average of $48.20. The firm has a market capitalization of $189.65 million, a price-to-earnings ratio of 129.63 and a beta of 0.25.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 3.3%. First Trust California Municipal High Income ETF’s payout ratio is presently 447.37%.

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.