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) was the recipient of a large growth in short interest in 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. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 18,495 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 18,495 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the company’s stock are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in First Trust California Municipal High Income ETF in the 3rd quarter valued at about $48,000. Arax Advisory Partners purchased a new stake in shares of First Trust California Municipal High Income ETF during the fourth quarter worth about $59,000. Kestra Advisory Services LLC acquired a new stake in First Trust California Municipal High Income ETF during the 4th quarter valued at approximately $70,000. Rossby Financial LCC purchased a new stake in First Trust California Municipal High Income ETF during the 4th quarter worth approximately $146,000. Finally, Allworth Financial LP raised its position in shares of First Trust California Municipal High Income ETF by 118.8% in the 4th quarter. Allworth Financial LP now owns 3,020 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,640 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Up 0.1%

NASDAQ:FCAL traded up $0.05 during trading hours on Friday, hitting $50.08. The stock had a trading volume of 11,553 shares, compared to its average volume of 18,796. The company has a market cap of $207.83 million, a PE ratio of 131.79 and a beta of 0.25. The business has a 50 day simple moving average of $49.60 and a two-hundred day simple moving average of $49.12. 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 company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 423.68%.

About First Trust California Municipal High Income ETF

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.