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 significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decrease of 60.9% from the February 13th total of 4,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 24,600 shares, the short-interest ratio is currently 0.1 days.

First Trust California Municipal High Income ETF Price Performance

FCAL traded down $0.07 during midday trading on Friday, hitting $49.15. 33,201 shares of the company’s stock traded hands, compared to its average volume of 17,998. The company has a market cap of $270.33 million, a PE ratio of 129.34 and a beta of 0.15. The stock’s fifty day simple moving average is $49.36 and its 200-day simple moving average is $49.73. First Trust California Municipal High Income ETF has a one year low of $48.26 and a one year high of $50.54.

First Trust California Municipal High Income ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust California Municipal High Income ETF

A number of large investors have recently bought and sold shares of the business. Ameriflex Group Inc. bought a new position in First Trust California Municipal High Income ETF during the fourth quarter valued at about $76,000. JPMorgan Chase & Co. acquired a new position in shares of First Trust California Municipal High Income ETF during the 3rd quarter valued at about $124,000. Private Advisor Group LLC raised its stake 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 acquiring an additional 929 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in First Trust California Municipal High Income ETF by 5.3% in the 4th 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 during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in First Trust California Municipal High Income ETF during the third quarter worth approximately $278,000. 54.39% of the stock is currently owned by institutional investors.

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.