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

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

First Trust California Municipal High Income ETF Stock Performance

NASDAQ FCAL opened at $48.79 on Tuesday. The firm has a 50-day simple moving average of $49.26 and a 200 day simple moving average of $49.37. First Trust California Municipal High Income ETF has a twelve month low of $47.55 and a twelve month high of $50.13. The stock has a market cap of $219.56 million, a PE ratio of 128.39 and a beta of 0.25.

First Trust California Municipal High Income ETF Dividend Announcement

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

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

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in First Trust California Municipal High Income ETF by 2.4% during the first 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 in the last quarter. NewEdge Advisors LLC bought a new position in shares of First Trust California Municipal High Income ETF during the second quarter valued at $467,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust California Municipal High Income ETF in the 2nd quarter valued at $570,000. Jane Street Group LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock valued at $4,267,000 after purchasing an additional 56,132 shares in the last quarter. Finally, CLG LLC boosted its stake in shares of First Trust California Municipal High Income ETF by 62.8% in the 2nd quarter. CLG LLC now owns 7,080 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 2,732 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.