Short Interest in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Declines By 93.0%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a decline of 93.0% from the December 15th total of 44,000 shares. Based on an average daily trading volume, of 24,300 shares, the short-interest ratio is currently 0.1 days.

First Trust California Municipal High Income ETF Trading Down 0.2 %

First Trust California Municipal High Income ETF stock traded down $0.08 during mid-day trading on Tuesday, hitting $48.84. The stock had a trading volume of 10,896 shares, compared to its average volume of 20,862. First Trust California Municipal High Income ETF has a one year low of $47.43 and a one year high of $50.54. The firm’s 50 day moving average is $49.71 and its 200 day moving average is $49.85. The firm has a market capitalization of $271.06 million, a P/E ratio of 128.53 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.1275 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, December 13th. First Trust California Municipal High Income ETF’s payout ratio is 386.84%.

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

Several institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in First Trust California Municipal High Income ETF by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,395 shares of the financial services provider’s stock worth $911,000 after purchasing an additional 969 shares during the period. LPL Financial LLC lifted its holdings in First Trust California Municipal High Income ETF by 14.2% during the second quarter. LPL Financial LLC now owns 664,470 shares of the financial services provider’s stock worth $32,905,000 after buying an additional 82,860 shares during the period. Perennial Investment Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 4.0% in the second quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 250 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust California Municipal High Income ETF by 17.4% during the 2nd quarter. Cetera Investment Advisers now owns 42,826 shares of the financial services provider’s stock worth $2,121,000 after acquiring an additional 6,350 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of First Trust California Municipal High Income ETF by 4.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,795,137 shares of the financial services provider’s stock worth $90,080,000 after purchasing an additional 77,896 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

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.