First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) saw a significant decrease in short interest in the month of 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 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 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 1 year low of $46.15 and a 1 year high of $53.03. The firm has a market cap of $108.81 million, a P/E ratio of 130.16 and a beta of 0.13. The business's fifty day simple moving average is $49.07 and its 200 day simple moving average is $48.40.

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First Trust California Municipal High Income ETF Increases Dividend

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

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

Hedge funds have recently bought and sold shares of the business. 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. Institutional investors own 54.39% of the company's stock.

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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