First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Down 93.0% in January

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 93.0% from the December 31st total of 44,000 shares. Based on an average trading volume of 24,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FCAL. Miracle Mile Advisors LLC raised its position in First Trust California Municipal High Income ETF by 6.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock worth $94,256,000 after purchasing an additional 114,040 shares during the period. Ignite Planners LLC raised its stake in First Trust California Municipal High Income ETF by 47.4% in the fourth quarter. Ignite Planners LLC now owns 46,136 shares of the financial services provider’s stock worth $2,279,000 after buying an additional 14,833 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust California Municipal High Income ETF by 17.4% in the second quarter. Cetera Investment Advisers now owns 42,826 shares of the financial services provider’s stock valued at $2,121,000 after purchasing an additional 6,350 shares during the last quarter. Channel Wealth LLC lifted its position in First Trust California Municipal High Income ETF by 3.1% during the fourth quarter. Channel Wealth LLC now owns 38,320 shares of the financial services provider’s stock valued at $1,892,000 after acquiring an additional 1,157 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in First Trust California Municipal High Income ETF during the 4th quarter valued at about $1,741,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

Shares of NASDAQ:FCAL remained flat at $49.44 during trading on Tuesday. 26,680 shares of the stock were exchanged, compared to its average volume of 20,428. The company has a market capitalization of $274.39 million, a PE ratio of 130.11 and a beta of 0.15. The firm’s 50-day moving average price is $49.61 and its 200-day moving average price is $49.83. First Trust California Municipal High Income ETF has a 1 year low of $48.26 and a 1 year high of $50.54.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.129 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. First Trust California Municipal High Income ETF’s payout ratio is 389.47%.

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.