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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 33,451 shares, an increase of 189.6% from the June 15th total of 11,549 shares. Based on an average trading volume of 21,113 shares, the short-interest ratio is presently 1.6 days. Currently, 0.7% of the company’s shares are short sold.

First Trust California Municipal High Income ETF Stock Down 0.0%

FCAL traded down $0.02 during trading on Monday, reaching $49.48. The company had a trading volume of 8,306 shares, compared to its average volume of 20,508. The stock has a market cap of $222.66 million, a P/E ratio of 130.21 and a beta of 0.25. The business has a 50 day simple moving average of $49.43 and a 200-day simple moving average of $49.46. First Trust California Municipal High Income ETF has a 52 week low of $47.35 and a 52 week high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.143 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 3.5%. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 434.21%.

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

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of First Trust California Municipal High Income ETF by 1.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,146 shares of the financial services provider’s stock valued at $944,000 after buying an additional 225 shares during the last quarter. Integral Investment Advisors Inc. boosted its holdings in First Trust California Municipal High Income ETF by 0.8% during the 1st quarter. Integral Investment Advisors Inc. now owns 32,755 shares of the financial services provider’s stock valued at $1,601,000 after acquiring an additional 250 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in First Trust California Municipal High Income ETF by 6.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 5,539 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 350 shares during the period. Entruity Wealth LLC grew its position in First Trust California Municipal High Income ETF by 1.8% in the 4th quarter. Entruity Wealth LLC now owns 21,101 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 366 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in First Trust California Municipal High Income ETF by 6.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,044 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 389 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.