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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant increase in short interest in the month of 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 shares are sold short. Based on an average daily trading volume, of 13,099 shares, the short-interest ratio is currently 3.1 days.

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

Several large investors have recently added to or reduced their stakes in FCAL. Fifth Third Bancorp acquired a new position in First Trust California Municipal High Income ETF in the first quarter valued at approximately $47,000. Comerica Bank bought a new position in First Trust California Municipal High Income ETF in the third quarter worth approximately $48,000. Arax Advisory Partners bought a new position in shares of First Trust California Municipal High Income ETF in the 4th quarter worth $59,000. Kestra Advisory Services LLC acquired a new position in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at about $70,000. Finally, Rossby Financial LCC acquired a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Price Performance

First Trust California Municipal High Income ETF stock opened at $48.79 on Tuesday. The stock’s 50 day moving average is $49.26 and its 200 day moving average is $49.37. The firm has a market cap of $219.56 million, a P/E ratio of 128.39 and a beta of 0.25. First Trust California Municipal High Income ETF has a one year low of $47.55 and a one year high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

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