First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 84.1% in February

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 25,508 shares, a growth of 84.1% from the January 29th total of 13,855 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 18,495 shares, the days-to-cover ratio is currently 1.4 days. Based on an average trading volume of 18,495 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.6% of the company’s shares are sold short.

First Trust California Municipal High Income ETF Stock Up 0.1%

Shares of NASDAQ FCAL traded up $0.05 during midday trading on Friday, hitting $50.08. The stock had a trading volume of 11,553 shares, compared to its average volume of 18,796. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.13. The company has a market capitalization of $207.83 million, a price-to-earnings ratio of 131.79 and a beta of 0.25. The company has a fifty day moving average price of $49.60 and a 200 day moving average price of $49.12.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, February 20th. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 423.68%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in the business. LPL Financial LLC boosted its position in First Trust California Municipal High Income ETF by 2.6% during the 4th quarter. LPL Financial LLC now owns 872,810 shares of the financial services provider’s stock worth $43,036,000 after purchasing an additional 22,277 shares during the period. NewEdge Advisors LLC raised its position in First Trust California Municipal High Income ETF by 4,304.3% in the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 306,942 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust California Municipal High Income ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock worth $6,321,000 after purchasing an additional 3,039 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of First Trust California Municipal High Income ETF by 24.8% in the second quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock worth $5,060,000 after buying an additional 20,964 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of First Trust California Municipal High Income ETF by 171.0% in the second quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after buying an additional 56,132 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.