First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 76.5% in November

First Trust California Municipal High Income ETF (NASDAQ:FCAL) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 32,300 shares, a growth of 76.5% from the October 31st total of 18,300 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of First Trust California Municipal High Income ETF during the second quarter worth $35,000. Larson Financial Group LLC bought a new stake in First Trust California Municipal High Income ETF during the second quarter valued at $45,000. Johnson Bixby & Associates LLC acquired a new stake in First Trust California Municipal High Income ETF during the 3rd quarter worth about $202,000. CreativeOne Wealth LLC bought a new position in shares of First Trust California Municipal High Income ETF in the 3rd quarter worth about $278,000. Finally, Perennial Investment Advisors LLC raised its position in shares of First Trust California Municipal High Income ETF by 4.0% in the 2nd quarter. Perennial Investment Advisors LLC now owns 6,526 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL stock traded up $0.09 on Thursday, hitting $50.10. The company had a trading volume of 8,844 shares, compared to its average volume of 23,295. First Trust California Municipal High Income ETF has a twelve month low of $47.43 and a twelve month high of $51.97. The firm has a market cap of $263.03 million, a P/E ratio of 131.84 and a beta of 0.15. The stock’s 50-day moving average is $49.93 and its two-hundred day moving average is $49.78.

First Trust California Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.1275 dividend. This represents a $1.53 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, November 21st. First Trust California Municipal High Income ETF’s payout ratio is presently 386.84%.

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.