First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 84.1% in February

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 25,508 shares, a growth of 84.1% from the January 29th total of 13,855 shares. Based on an average daily volume of 18,495 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 18,495 shares, the short-interest ratio is presently 1.4 days.

First Trust California Municipal High Income ETF Stock Up 0.1%

Shares of First Trust California Municipal High Income ETF stock opened at $50.08 on Monday. The firm’s 50 day moving average price is $49.60 and its 200-day moving average price is $49.14. First Trust California Municipal High Income ETF has a 52-week low of $46.44 and a 52-week high of $50.13. The company has a market cap of $207.83 million, a P/E ratio of 131.79 and a beta of 0.25.

First Trust California Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.141 per share. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 3.4%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 423.68%.

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

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 4,304.3% during the 4th quarter. NewEdge Advisors LLC now owns 314,073 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 306,942 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust California Municipal High Income ETF by 6.5% during the fourth quarter. Cetera Investment Advisers now owns 79,558 shares of the financial services provider’s stock valued at $3,923,000 after acquiring an additional 4,888 shares in the last quarter. Running Point Capital Advisors LLC raised its position in First Trust California Municipal High Income ETF by 9.4% during the fourth quarter. Running Point Capital Advisors LLC now owns 39,693 shares of the financial services provider’s stock valued at $1,957,000 after acquiring an additional 3,406 shares in the last quarter. Mariner LLC lifted its holdings in First Trust California Municipal High Income ETF by 6.5% in the fourth quarter. Mariner LLC now owns 50,604 shares of the financial services provider’s stock valued at $2,495,000 after acquiring an additional 3,101 shares during the period. Finally, FF Advisors LLC purchased a new stake in First Trust California Municipal High Income ETF in the 4th quarter worth approximately $331,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.