First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 10,600 shares, a decrease of 6.2% from the September 30th total of 11,300 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 0.4 days.
First Trust California Municipal High Income ETF Stock Performance
First Trust California Municipal High Income ETF stock opened at $49.61 on Friday. The firm has a market cap of $260.45 million, a P/E ratio of 130.71 and a beta of 0.15. First Trust California Municipal High Income ETF has a 1-year low of $46.83 and a 1-year high of $51.97. The firm has a 50-day moving average of $50.05 and a 200-day moving average of $49.71.
First Trust California Municipal High Income ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were given a $0.1275 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, October 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 381.58%.
Hedge Funds Weigh In On First Trust California Municipal High Income ETF
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.
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