First Trust California Municipal High Income ETF (NASDAQ:FCAL) Sees Large Decline in Short Interest

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the target of a large 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. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 24,644 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 24,644 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of First Trust California Municipal High Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new stake in shares of First Trust California Municipal High Income ETF in the third quarter worth approximately $48,000. Private Trust Co. NA raised its stake in First Trust California Municipal High Income ETF by 319.6% during the 2nd quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after buying an additional 1,058 shares during the last quarter. Ameriflex Group Inc. raised its stake in First Trust California Municipal High Income ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,086 shares of the financial services provider’s stock valued at $151,000 after buying an additional 1,543 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of First Trust California Municipal High Income ETF during the 2nd quarter valued at $205,000. Finally, Diversified Portfolios Inc. purchased a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth $210,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Up 0.1%

Shares of First Trust California Municipal High Income ETF stock traded up $0.06 on Wednesday, reaching $49.64. The company’s stock had a trading volume of 4,168 shares, compared to its average volume of 17,474. The company has a market capitalization of $201.02 million, a price-to-earnings ratio of 130.62 and a beta of 0.25. The firm’s fifty day simple moving average is $49.32 and its two-hundred day simple moving average is $48.68. First Trust California Municipal High Income ETF has a 52 week low of $46.44 and a 52 week high of $50.11.

First Trust California Municipal High Income ETF Dividend Announcement

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