First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 56.0% in July

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 40,002 shares, an increase of 56.0% from the July 15th total of 25,646 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 13,099 shares, the short-interest ratio is presently 3.1 days.

Institutional Trading of First Trust California Municipal High Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in First Trust California Municipal High Income ETF by 1.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 225 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in First Trust California Municipal High Income ETF by 0.8% during the 1st quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 250 shares during the period. Kingswood Wealth Advisors LLC grew its position in First Trust California Municipal High Income ETF by 6.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 350 shares during the last quarter. Entruity Wealth LLC grew its position in First Trust California Municipal High Income ETF by 1.8% in the 4th quarter. Entruity Wealth LLC now owns 21,101 shares of the financial services provider’s stock worth $1,040,000 after purchasing an additional 366 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust California Municipal High Income ETF by 14.7% in the third quarter. Envestnet Asset Management Inc. now owns 6,177 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 791 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

FCAL opened at $48.62 on Wednesday. The company has a market capitalization of $218.79 million, a P/E ratio of 127.95 and a beta of 0.25. The company has a 50-day moving average of $49.24 and a 200-day moving average of $49.37. First Trust California Municipal High Income ETF has a 1-year low of $47.55 and a 1-year high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.143 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, July 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 436.84%.

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.