Short Interest in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Drops By 13.5%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,200 shares, a decline of 13.5% from the January 15th total of 3,700 shares. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of First Trust California Municipal High Income ETF during the 3rd quarter worth approximately $124,000. Private Advisor Group LLC boosted its stake in First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 929 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in First Trust California Municipal High Income ETF by 5.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 268 shares during the period. CreativeOne Wealth LLC bought a new stake in First Trust California Municipal High Income ETF in the 3rd quarter valued at $278,000. Finally, Guild Investment Management Inc. bought a new stake in First Trust California Municipal High Income ETF in the 4th quarter valued at $296,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Up 0.2 %

Shares of NASDAQ:FCAL opened at $49.33 on Tuesday. First Trust California Municipal High Income ETF has a twelve month low of $48.26 and a twelve month high of $50.54. The company has a market capitalization of $271.34 million, a PE ratio of 129.83 and a beta of 0.15. The firm has a 50 day simple moving average of $49.39 and a 200-day simple moving average of $49.79.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.129 per share. The ex-dividend date was Wednesday, January 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 389.47%.

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.