First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Update

First Trust California Municipal High Income ETF (NASDAQ:FCALGet Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 70,000 shares, a growth of 51.2% from the May 15th total of 46,300 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is presently 2.8 days.

First Trust California Municipal High Income ETF Stock Performance

Shares of First Trust California Municipal High Income ETF stock traded up $0.05 during mid-day trading on Friday, hitting $49.71. 2,514 shares of the stock were exchanged, compared to its average volume of 27,321. First Trust California Municipal High Income ETF has a 12 month low of $46.30 and a 12 month high of $51.97. The company has a 50-day simple moving average of $49.26 and a 200 day simple moving average of $49.53. The company has a market capitalization of $218.72 million, a P/E ratio of 130.82 and a beta of 0.15.

First Trust California Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were issued a dividend of $0.121 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.45 dividend on an annualized basis and a yield of 2.92%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is currently 368.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC bought a new stake in shares of First Trust California Municipal High Income ETF in the 4th quarter worth approximately $200,000. Johnson Bixby & Associates LLC purchased a new position in shares of First Trust California Municipal High Income ETF during the 1st quarter valued at $200,000. Private Advisor Group LLC bought a new position in shares of First Trust California Municipal High Income ETF during the 4th quarter worth $205,000. Cypress Wealth Services LLC purchased a new stake in First Trust California Municipal High Income ETF in the 4th quarter worth about $212,000. Finally, Advisor Resource Council bought a new position in First Trust California Municipal High Income ETF during the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for First Trust California Municipal High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust California Municipal High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.