First Trust California Municipal High Income ETF (NASDAQ:FCAL) Stock Short Interest Declines 63.2%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a significant decrease in short interest in 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 shares of the company are sold short. Based on an average trading volume of 46,134 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

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

First Trust California Municipal High Income ETF Trading Down 0.0%

NASDAQ FCAL traded down $0.00 during trading hours on Thursday, reaching $47.49. The company’s stock had a trading volume of 8,707 shares, compared to its average volume of 24,013. The stock has a market cap of $211.33 million, a PE ratio of 124.95 and a beta of 0.26. The business has a 50-day simple moving average of $47.26 and a 200 day simple moving average of $48.85. First Trust California Municipal High Income ETF has a 52 week low of $45.78 and a 52 week high of $50.13.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be paid 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 is Wednesday, October 21st. First Trust California Municipal High Income ETF’s dividend payout ratio is presently 444.74%.

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.