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 large growth in short interest during the month of September. As of September 15th, there was short interest totalling 17,100 shares, a growth of 210.9% from the August 31st total of 5,500 shares. Based on an average trading volume of 20,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Towerpoint Wealth LLC raised its position in shares of First Trust California Municipal High Income ETF by 37.3% in the first quarter. Towerpoint Wealth LLC now owns 8,661 shares of the financial services provider’s stock worth $430,000 after acquiring an additional 2,353 shares during the period. Harbour Investments Inc. raised its holdings in First Trust California Municipal High Income ETF by 7.5% in the 2nd quarter. Harbour Investments Inc. now owns 6,708 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 466 shares during the period. EP Wealth Advisors LLC purchased a new position in First Trust California Municipal High Income ETF during the fourth quarter worth approximately $308,000. Commonwealth Equity Services LLC grew its holdings in First Trust California Municipal High Income ETF by 79.4% in the first quarter. Commonwealth Equity Services LLC now owns 17,426 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 7,713 shares during the period. Finally, Cetera Investment Advisers grew its holdings in First Trust California Municipal High Income ETF by 34.3% in the first quarter. Cetera Investment Advisers now owns 36,476 shares of the financial services provider’s stock valued at $1,811,000 after purchasing an additional 9,314 shares during the period. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Trading Up 0.2 %

FCAL traded up $0.12 during midday trading on Friday, hitting $50.30. 36,026 shares of the company were exchanged, compared to its average volume of 24,772. The company’s 50 day simple moving average is $50.03 and its 200 day simple moving average is $49.65. The firm has a market capitalization of $248.99 million, a price-to-earnings ratio of 132.37 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1-year low of $46.30 and a 1-year high of $51.97.

First Trust California Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a yield of 2.98%. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.12. The ex-dividend date is Thursday, September 26th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is 347.37%.

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.