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

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

First Trust California Municipal High Income ETF Price Performance

FCAL traded down $0.08 during trading on Tuesday, hitting $48.84. 10,896 shares of the stock traded hands, compared to its average volume of 20,862. The firm has a 50-day moving average of $49.71 and a 200 day moving average of $49.85. The firm has a market capitalization of $271.06 million, a P/E ratio of 128.53 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12-month low of $47.43 and a 12-month high of $50.54.

First Trust California Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.1275 dividend. This represents a $1.53 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, December 13th. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 386.84%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its holdings in First Trust California Municipal High Income ETF by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 18,395 shares of the financial services provider’s stock worth $911,000 after buying an additional 969 shares during the period. LPL Financial LLC grew its holdings in shares of First Trust California Municipal High Income ETF by 14.2% during the second quarter. LPL Financial LLC now owns 664,470 shares of the financial services provider’s stock valued at $32,905,000 after buying an additional 82,860 shares during the last quarter. Perennial Investment Advisors LLC increased its position in shares of First Trust California Municipal High Income ETF by 4.0% during the second quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 250 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of 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 worth $2,121,000 after purchasing an additional 6,350 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in First Trust California Municipal High Income ETF by 4.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,795,137 shares of the financial services provider’s stock worth $90,080,000 after buying an additional 77,896 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

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.