Short Interest in First Trust California Municipal High Income ETF (NASDAQ:FCAL) Decreases By 13.5%

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,200 shares, a decline of 13.5% from the January 15th total of 3,700 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.1 days.

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

Several hedge funds have recently bought and sold shares of the company. Miracle Mile Advisors LLC grew its stake in First Trust California Municipal High Income ETF by 6.4% during the fourth quarter. Miracle Mile Advisors LLC now owns 1,909,177 shares of the financial services provider’s stock valued at $94,256,000 after acquiring an additional 114,040 shares in the last quarter. LPL Financial LLC grew its stake in First Trust California Municipal High Income ETF by 1.1% during the fourth quarter. LPL Financial LLC now owns 760,481 shares of the financial services provider’s stock valued at $37,545,000 after acquiring an additional 8,563 shares in the last quarter. Citizens Business Bank lifted its position in First Trust California Municipal High Income ETF by 35.8% during the fourth quarter. Citizens Business Bank now owns 128,886 shares of the financial services provider’s stock valued at $6,363,000 after purchasing an additional 33,958 shares during the last quarter. Guggenheim Capital LLC lifted its position in First Trust California Municipal High Income ETF by 248.7% during the fourth quarter. Guggenheim Capital LLC now owns 57,315 shares of the financial services provider’s stock valued at $2,830,000 after purchasing an additional 40,880 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in First Trust California Municipal High Income ETF by 13.0% during the fourth quarter. Cetera Investment Advisers now owns 52,388 shares of the financial services provider’s stock valued at $2,586,000 after purchasing an additional 6,019 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Trading Up 0.1 %

Shares of NASDAQ:FCAL opened at $49.29 on Tuesday. The company has a 50 day moving average of $49.39 and a 200 day moving average of $49.79. The stock has a market cap of $271.10 million, a P/E ratio of 129.71 and a beta of 0.15. First Trust California Municipal High Income ETF has a 12 month low of $48.26 and a 12 month high of $50.54.

First Trust California Municipal High Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.129 per share. The ex-dividend date was Wednesday, January 22nd. First Trust California Municipal High Income ETF’s dividend payout ratio is currently 389.47%.

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.