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 in July. As of July 31st, there was short interest totaling 40,002 shares, a growth of 56.0% from the July 15th total of 25,646 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,099 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of First Trust California Municipal High Income ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in First Trust California Municipal High Income ETF by 4,304.3% during the fourth quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock worth $15,486,000 after acquiring an additional 306,942 shares during the last quarter. Citizens Business Bank bought a new stake in shares of First Trust California Municipal High Income ETF in the 1st quarter valued at approximately $5,809,000. Jane Street Group LLC boosted its holdings in shares of First Trust California Municipal High Income ETF by 171.0% in the 2nd quarter. Jane Street Group LLC now owns 88,954 shares of the financial services provider’s stock worth $4,267,000 after purchasing an additional 56,132 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust California Municipal High Income ETF by 234.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 66,971 shares of the financial services provider’s stock worth $3,302,000 after purchasing an additional 46,971 shares during the period. Finally, Navigation Group LLC bought a new position in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at approximately $1,444,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Price Performance

Shares of FCAL opened at $48.74 on Thursday. The stock has a market capitalization of $219.33 million, a price-to-earnings ratio of 128.26 and a beta of 0.25. First Trust California Municipal High Income ETF has a 1 year low of $47.55 and a 1 year high of $50.13. The business’s 50 day simple moving average is $49.22 and its 200-day simple moving average is $49.36.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.143 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 3.5%. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 436.84%.

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.