Short Interest in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Expands By 163.1%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 83,996 shares, a growth of 163.1% from the November 30th total of 31,930 shares. Based on an average trading volume of 25,438 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the company are short sold. Approximately 2.2% of the shares of the company are short sold. Based on an average trading volume of 25,438 shares, the days-to-cover ratio is currently 3.3 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted 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 valued at $6,321,000 after purchasing an additional 3,039 shares during the last quarter. Channel Wealth LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 7.1% during the 2nd quarter. Channel Wealth LLC now owns 31,808 shares of the financial services provider’s stock worth $1,526,000 after purchasing an additional 2,111 shares in the last quarter. Southland Equity Partners LLC increased its holdings in First Trust California Municipal High Income ETF by 33.6% in the 2nd quarter. Southland Equity Partners LLC now owns 54,231 shares of the financial services provider’s stock valued at $2,601,000 after buying an additional 13,651 shares during the period. Magnus Financial Group LLC increased its stake in First Trust California Municipal High Income ETF by 27.8% in the second quarter. Magnus Financial Group LLC now owns 40,752 shares of the financial services provider’s stock valued at $1,955,000 after acquiring an additional 8,860 shares during the period. Finally, Blue Zone Wealth Advisors LLC raised its holdings in shares of First Trust California Municipal High Income ETF by 60.9% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 23,786 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 8,999 shares in the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Trading Up 0.0%

NASDAQ:FCAL traded up $0.01 during mid-day trading on Friday, reaching $49.26. 29,949 shares of the stock were exchanged, compared to its average volume of 28,976. The business has a fifty day moving average price of $49.31 and a 200 day moving average price of $48.55. The firm has a market capitalization of $189.65 million, a PE ratio of 129.63 and a beta of 0.25. First Trust California Municipal High Income ETF has a 1-year low of $46.44 and a 1-year high of $50.11.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.136 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. First Trust California Municipal High Income ETF’s payout ratio is 418.42%.

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.