First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 25.2% in January

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 17,205 shares, a growth of 25.2% from the December 31st total of 13,745 shares. Based on an average daily trading volume, of 17,830 shares, the short-interest ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 17,830 shares, the short-interest ratio is presently 1.0 days.

First Trust California Municipal High Income ETF Stock Performance

FCAL stock traded up $0.07 during mid-day trading on Monday, hitting $49.62. The company had a trading volume of 27,835 shares, compared to its average volume of 19,821. The firm has a market cap of $205.92 million, a PE ratio of 130.58 and a beta of 0.25. First Trust California Municipal High Income ETF has a 12 month low of $46.44 and a 12 month high of $50.11. The stock’s fifty day moving average price is $49.36 and its two-hundred day moving average price is $48.84.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.14 dividend. This is an increase from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 3.4%. First Trust California Municipal High Income ETF’s payout ratio is presently 421.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Comerica Bank purchased a new position in First Trust California Municipal High Income ETF in the third quarter worth about $48,000. Private Trust Co. NA increased its position in First Trust California Municipal High Income ETF by 319.6% during the second quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 1,058 shares during the last quarter. Ameriflex Group Inc. grew its holdings in shares of 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 shares of First Trust California Municipal High Income ETF in the second quarter valued at about $205,000. Finally, Diversified Portfolios Inc. purchased a new stake in shares of First Trust California Municipal High Income ETF during the 2nd quarter worth $210,000. Institutional investors own 54.39% of the company’s stock.

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.