First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 4,300 shares, a decrease of 88.7% from the January 15th total of 38,000 shares. Based on an average daily trading volume, of 19,900 shares, the short-interest ratio is currently 0.2 days.

First Trust California Municipal High Income ETF Trading Down 0.0 %

First Trust California Municipal High Income ETF stock traded down $0.02 during trading hours on Friday, hitting $49.46. 3,370 shares of the stock traded hands, compared to its average volume of 16,753. First Trust California Municipal High Income ETF has a one year low of $46.15 and a one year high of $53.03. The firm's 50-day moving average price is $49.07 and its two-hundred day moving average price is $48.41. The company has a market cap of $108.81 million, a PE ratio of 130.16 and a beta of 0.13.

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First Trust California Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, January 31st. Investors of record on Wednesday, January 25th were given a dividend of $0.112 per share. The ex-dividend date of this dividend was Tuesday, January 24th. This is a positive change from First Trust California Municipal High Income ETF's previous monthly dividend of $0.11. This represents a $1.34 annualized dividend and a dividend yield of 2.72%. First Trust California Municipal High Income ETF's payout ratio is currently 307.89%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCAL. Citizens Business Bank bought a new position in shares of First Trust California Municipal High Income ETF during the third quarter valued at approximately $3,838,000. Jane Street Group LLC increased its position in First Trust California Municipal High Income ETF by 256.3% during the 1st quarter. Jane Street Group LLC now owns 79,556 shares of the financial services provider's stock valued at $4,053,000 after buying an additional 57,230 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in First Trust California Municipal High Income ETF by 10.0% during the third quarter. Miracle Mile Advisors LLC now owns 498,854 shares of the financial services provider's stock valued at $23,356,000 after buying an additional 45,211 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust California Municipal High Income ETF by 14.7% in the fourth quarter. LPL Financial LLC now owns 227,283 shares of the financial services provider's stock worth $10,998,000 after acquiring an additional 29,168 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in shares of First Trust California Municipal High Income ETF in the fourth quarter worth $1,360,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

First Trust California Municipal High Income ETF Company Profile

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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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