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 drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, a drop of 93.0% from the December 15th total of 44,000 shares. Based on an average daily volume of 24,300 shares, the short-interest ratio is presently 0.1 days.

First Trust California Municipal High Income ETF Price Performance

Shares of NASDAQ:FCAL traded up $0.23 during trading hours on Wednesday, hitting $49.07. 9,689 shares of the company’s stock traded hands, compared to its average volume of 19,610. First Trust California Municipal High Income ETF has a 1 year low of $47.43 and a 1 year high of $50.54. The firm has a market capitalization of $272.34 million, a P/E ratio of 129.13 and a beta of 0.15. The business has a fifty day moving average price of $49.69 and a 200-day moving average price of $49.84.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1275 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.53 dividend on an annualized basis and a yield of 3.12%. First Trust California Municipal High Income ETF’s payout ratio is 386.84%.

Institutional Trading of First Trust California Municipal High Income ETF

Large investors have recently made changes to their positions in the stock. Miracle Mile Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 6.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after acquiring an additional 114,040 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 14.2% in the second quarter. LPL Financial LLC now owns 664,470 shares of the financial services provider’s stock valued at $32,905,000 after purchasing an additional 82,860 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of First Trust California Municipal High Income ETF in the third quarter valued at approximately $1,004,000. Ignite Planners LLC grew its stake in First Trust California Municipal High Income ETF by 47.4% in the fourth quarter. Ignite Planners LLC now owns 46,136 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 14,833 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter worth $742,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.