Short Interest in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Decreases By 52.9%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 12,018 shares, a decrease of 52.9% from the February 12th total of 25,508 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 16,322 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 16,322 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FCAL. Diversified Portfolios Inc. purchased a new position in First Trust California Municipal High Income ETF during the second quarter worth $210,000. Koshinski Asset Management Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF in the third quarter valued at $545,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the third quarter valued at $746,000. Cetera Investment Advisers boosted its stake in shares of First Trust California Municipal High Income ETF by 17.7% during the second quarter. Cetera Investment Advisers now owns 65,904 shares of the financial services provider’s stock valued at $3,161,000 after acquiring an additional 9,904 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 24.8% during the second quarter. Guggenheim Capital LLC now owns 105,477 shares of the financial services provider’s stock valued at $5,060,000 after acquiring an additional 20,964 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

FCAL traded down $0.37 during midday trading on Thursday, reaching $49.19. 117,327 shares of the company’s stock were exchanged, compared to its average volume of 19,742. The stock has a market capitalization of $204.14 million, a PE ratio of 129.45 and a beta of 0.25. The business’s 50-day moving average price is $49.67 and its 200 day moving average price is $49.24. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.13.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.141 per share. 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. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. First Trust California Municipal High Income ETF’s dividend payout ratio is 423.68%.

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.