First Trust California Municipal High Income ETF (NASDAQ:FCAL) Sees Significant Drop in Short Interest

First Trust California Municipal High Income ETF (NASDAQ:FCALGet Free Report) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 34,000 shares, a decrease of 5.3% from the February 29th total of 35,900 shares. Based on an average daily volume of 37,600 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. grew its position in shares of First Trust California Municipal High Income ETF by 7.4% in the 2nd quarter. Harbour Investments Inc. now owns 3,492 shares of the financial services provider’s stock worth $171,000 after buying an additional 242 shares during the period. TriaGen Wealth Management LLC grew its position in shares of First Trust California Municipal High Income ETF by 2.2% in the 3rd quarter. TriaGen Wealth Management LLC now owns 11,933 shares of the financial services provider’s stock worth $564,000 after buying an additional 259 shares during the period. Financial Advocates Investment Management grew its position in shares of First Trust California Municipal High Income ETF by 2.4% in the 3rd quarter. Financial Advocates Investment Management now owns 14,754 shares of the financial services provider’s stock worth $697,000 after buying an additional 345 shares during the period. Osaic Holdings Inc. grew its position in shares of First Trust California Municipal High Income ETF by 1.8% in the 2nd quarter. Osaic Holdings Inc. now owns 33,560 shares of the financial services provider’s stock worth $1,644,000 after buying an additional 585 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of First Trust California Municipal High Income ETF by 13.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 6,034 shares of the financial services provider’s stock worth $285,000 after buying an additional 728 shares during the period. 54.39% of the stock is currently owned by institutional investors.

First Trust California Municipal High Income ETF Trading Down 0.4 %

Shares of NASDAQ FCAL opened at $49.36 on Wednesday. First Trust California Municipal High Income ETF has a 12 month low of $46.30 and a 12 month high of $51.97. The firm has a market capitalization of $212.25 million, a PE ratio of 129.89 and a beta of 0.15. The firm has a fifty day simple moving average of $49.71 and a two-hundred day simple moving average of $48.86.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.44 annualized dividend and a yield of 2.92%. First Trust California Municipal High Income ETF’s dividend payout ratio (DPR) is presently 365.79%.

About First Trust California Municipal High Income ETF

(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.

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