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

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant 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. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,438 shares, the short-interest ratio is currently 3.3 days. Based on an average daily trading volume, of 25,438 shares, the short-interest ratio is currently 3.3 days. Approximately 2.2% of the shares of the stock are short sold.

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

A number of large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust California Municipal High Income ETF by 351.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,662 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 14,532 shares in the last quarter. Diversified Portfolios Inc. purchased a new stake in First Trust California Municipal High Income ETF during the second quarter valued at about $210,000. D.A. Davidson & CO. purchased a new stake in First Trust California Municipal High Income ETF during the second quarter valued at about $205,000. Cetera Investment Advisers grew its stake in shares of First Trust California Municipal High Income ETF by 17.7% during the second quarter. Cetera Investment Advisers now owns 65,904 shares of the financial services provider’s stock valued at $3,161,000 after buying an additional 9,904 shares during the last quarter. Finally, Channel Wealth LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 7.1% in the second quarter. Channel Wealth LLC now owns 31,808 shares of the financial services provider’s stock worth $1,526,000 after buying an additional 2,111 shares during the period. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

NASDAQ FCAL traded up $0.03 during trading on Friday, reaching $49.28. The company’s stock had a trading volume of 15,233 shares, compared to its average volume of 28,915. The firm has a fifty day moving average of $49.31 and a 200 day moving average of $48.54. First Trust California Municipal High Income ETF has a one year low of $46.44 and a one year high of $50.11. The stock has a market capitalization of $189.73 million, a PE ratio of 129.68 and a beta of 0.25.

First Trust California Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.136 dividend. This represents a c) dividend on an annualized basis 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 currently 418.42%.

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.