First Trust California Municipal High Income ETF (NASDAQ:FCAL) Sees Large Decline in Short Interest

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 13,855 shares, a decline of 19.5% from the January 15th total of 17,205 shares. Based on an average daily trading volume, of 19,833 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 19,833 shares, the short-interest ratio is presently 0.7 days.

First Trust California Municipal High Income ETF Stock Up 0.2%

Shares of NASDAQ:FCAL opened at $49.97 on Friday. First Trust California Municipal High Income ETF has a twelve month low of $46.44 and a twelve month high of $50.11. The company has a market cap of $207.38 million, a price-to-earnings ratio of 131.50 and a beta of 0.25. The business has a 50 day moving average price of $49.44 and a 200 day moving average price of $48.97.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.14 per share. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, January 21st. First Trust California Municipal High Income ETF’s payout ratio is currently 421.05%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in shares of First Trust California Municipal High Income ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock worth $6,321,000 after buying an additional 3,039 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust California Municipal High Income ETF by 351.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,662 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 14,532 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of First Trust California Municipal High Income ETF by 319.6% in the 2nd quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after buying an additional 1,058 shares during the last quarter. Citizens Business Bank increased its holdings in shares of First Trust California Municipal High Income ETF by 2.1% during the 2nd quarter. Citizens Business Bank now owns 125,718 shares of the financial services provider’s stock worth $6,031,000 after acquiring an additional 2,643 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in First Trust California Municipal High Income ETF in the 2nd quarter valued at $205,000. 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.