First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Short Interest Report for October

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 10,913 shares, a decrease of 63.2% from the September 30th total of 29,636 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 46,134 shares, the days-to-cover ratio is currently 0.2 days.

First Trust California Municipal High Income ETF Price Performance

FCAL stock traded down $0.00 during midday trading on Thursday, reaching $47.49. 8,707 shares of the company’s stock traded hands, compared to its average volume of 24,013. The company has a market capitalization of $211.33 million, a P/E ratio of 124.95 and a beta of 0.26. The business has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $48.85. First Trust California Municipal High Income ETF has a fifty-two week low of $45.78 and a fifty-two week high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a dividend of $0.1450 per share. This represents a $1.74 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, October 21st. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 444.74%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Smith Chas P & Associates PA Cpas acquired a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter worth approximately $117,872,000. NewEdge Advisors LLC lifted its stake in First Trust California Municipal High Income ETF by 31,414.1% during the second quarter. NewEdge Advisors LLC now owns 2,275,951 shares of the financial services provider’s stock worth $113,006,000 after purchasing an additional 2,268,729 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust California Municipal High Income ETF by 31,398.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,700,588 shares of the financial services provider’s stock worth $84,438,000 after purchasing an additional 1,695,189 shares during the period. Baird Financial Group Inc. acquired a new position in First Trust California Municipal High Income ETF in the second quarter worth $23,377,000. Finally, Citizens Business Bank bought a new stake in First Trust California Municipal High Income ETF during the first quarter valued at $5,809,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.