First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Free Report) 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
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.
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