First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Down 60.9% in February

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 60.9% from the February 13th total of 4,600 shares. Based on an average daily trading volume, of 24,600 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of First Trust California Municipal High Income ETF

Large investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new position in shares of First Trust California Municipal High Income ETF during the fourth quarter valued at $76,000. JPMorgan Chase & Co. purchased a new position in First Trust California Municipal High Income ETF during the 3rd quarter valued at about $124,000. Private Advisor Group LLC increased its holdings in shares of First Trust California Municipal High Income ETF by 22.2% in the 4th quarter. Private Advisor Group LLC now owns 5,106 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 929 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of First Trust California Municipal High Income ETF by 5.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,368 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 268 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the third quarter worth approximately $278,000. 54.39% of the stock is owned by institutional investors and hedge funds.

First Trust California Municipal High Income ETF Trading Down 0.1 %

Shares of FCAL traded down $0.07 during midday trading on Friday, hitting $49.15. The stock had a trading volume of 33,201 shares, compared to its average volume of 17,998. The business has a 50-day simple moving average of $49.36 and a two-hundred day simple moving average of $49.73. The firm has a market cap of $270.33 million, a P/E ratio of 129.34 and a beta of 0.15. First Trust California Municipal High Income ETF has a fifty-two week low of $48.26 and a fifty-two week high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a $0.129 dividend. This is a positive change from First Trust California Municipal High Income ETF’s previous monthly dividend of $0.13. The ex-dividend date was Friday, February 21st. This represents a $1.55 dividend on an annualized basis and a yield of 3.15%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 392.11%.

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.