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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 23,353 shares, a drop of 41.6% from the July 30th total of 40,002 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 20,021 shares, the short-interest ratio is presently 1.2 days.

First Trust California Municipal High Income ETF Stock Down 0.4%

Shares of First Trust California Municipal High Income ETF stock opened at $48.03 on Wednesday. First Trust California Municipal High Income ETF has a 52 week low of $47.65 and a 52 week high of $50.13. The firm has a market capitalization of $216.13 million, a P/E ratio of 126.39 and a beta of 0.25. The company has a 50 day moving average price of $49.01 and a 200 day moving average price of $49.28.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.144 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a boost from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 21st. First Trust California Municipal High Income ETF’s payout ratio is currently 439.47%.

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

A number of institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock worth $944,000 after acquiring an additional 225 shares during the last quarter. Integral Investment Advisors Inc. increased its stake in First Trust California Municipal High Income ETF by 0.8% during the first quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock worth $1,601,000 after acquiring an additional 250 shares during the last quarter. Entruity Wealth LLC increased its position in shares of First Trust California Municipal High Income ETF by 1.8% during 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. Triumph Capital Management purchased a new stake in shares of First Trust California Municipal High Income ETF in the 2nd quarter valued at approximately $25,000. Finally, Envestnet Asset Management Inc. raised its position in 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. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.