First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Update

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 13,745 shares, a decrease of 83.6% from the December 15th total of 83,996 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 24,644 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 24,644 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of First Trust California Municipal High Income ETF

Institutional investors have recently bought and sold shares of the stock. Comerica Bank purchased a new position in First Trust California Municipal High Income ETF during the third quarter worth $48,000. Private Trust Co. NA raised its position in 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 worth $67,000 after purchasing an additional 1,058 shares during the period. Ameriflex Group Inc. lifted its stake in First Trust California Municipal High Income ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 3,086 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 1,543 shares during the last quarter. D.A. Davidson & CO. bought a new stake in First Trust California Municipal High Income ETF in the second quarter worth about $205,000. Finally, Diversified Portfolios Inc. purchased a new position in shares of First Trust California Municipal High Income ETF during the second quarter valued at approximately $210,000. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Stock Performance

Shares of NASDAQ:FCAL traded down $0.06 on Monday, reaching $49.52. The company’s stock had a trading volume of 7,837 shares, compared to its average volume of 18,520. The company has a 50-day simple moving average of $49.32 and a 200 day simple moving average of $48.67. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.11. The company has a market cap of $205.51 million, a P/E ratio of 130.32 and a beta of 0.25.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.136 dividend. The ex-dividend date was Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. First Trust California Municipal High Income ETF’s payout ratio is 418.42%.

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.