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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 8,050 shares, a drop of 16.7% from the March 15th total of 9,665 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 18,013 shares, the days-to-cover ratio is currently 0.4 days.

First Trust California Municipal High Income ETF Trading Up 0.0%

First Trust California Municipal High Income ETF stock traded up $0.01 on Thursday, hitting $49.38. 6,033 shares of the stock traded hands, compared to its average volume of 20,419. The firm has a market cap of $209.87 million, a P/E ratio of 129.95 and a beta of 0.27. The business’s fifty day simple moving average is $49.51 and its 200 day simple moving average is $49.38. First Trust California Municipal High Income ETF has a 1 year low of $47.23 and a 1 year high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.141 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 3.4%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 426.32%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in First Trust California Municipal High Income ETF by 2.6% during the fourth quarter. LPL Financial LLC now owns 872,810 shares of the financial services provider’s stock valued at $43,036,000 after buying an additional 22,277 shares during the period. NewEdge Advisors LLC grew its stake in shares of First Trust California Municipal High Income ETF by 4,304.3% in the 4th quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock worth $15,486,000 after buying an additional 306,942 shares during the last quarter. Royal Bank of Canada grew its stake in shares of First Trust California Municipal High Income ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 130,218 shares of the financial services provider’s stock worth $6,321,000 after buying an additional 3,039 shares during the last quarter. Jane Street Group LLC grew its stake in shares of First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after buying an additional 56,132 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust California Municipal High Income ETF by 6.5% in the 4th quarter. Cetera Investment Advisers now owns 79,558 shares of the financial services provider’s stock worth $3,923,000 after buying an additional 4,888 shares during the last quarter. Hedge funds and other 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.