First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 36.6% in April
interest totalling 1,022,200 shares, an increase of 11.8% from the March 31st total of 912,600 shares. Based on an average trading volume of 149,000 shares, the short-interest ratio is presently 6.9 days. The number of shares shorted has increased 11.8% in the month of April.
( ) has seen a significant increase in short-term interest during April. On April 15, there were 64,600 short shares, a 36.6% increase from the 47,300 total on March 31st. The days-to-cover is currently 4.1 based on a trading volume average of 15,600 shares.
First Trust California Municipal high income ETF price performance
The price of the stock rose $0.16 to $49.19 during Friday's trading hours. The company exchanged 6,489 shares, as opposed to the average of 14,929. First Trust California Municipal High income ETF's 52-week low is $46.15 while its 52-week high is $49.96. The fifty-day moving average of the stock is $49.32, and its two hundred day moving is $49.19. Recently, the company announced a dividend that was paid out on Friday, 28th April. Dividends of $0.112 were paid to shareholders who had their records on the 24th of April. This is a yielding of 2.73 percent and an annualized dividend of $1.34. Ex-dividend was Friday, 21st April. The dividend payout ratio of First Trust California Municipal High income ETF is 326.32%.
First Trust California Municipal ETF: Institutional Investors weigh in
Recent changes in institutional investor positions have been made by hedge funds and other investors. Mutual Advisors LLC increased its stake in First Trust California Municipal High income ETF by 1.4% over the course of the fourth quarter. Mutual Advisors LLC owns now 28,678 of the financial service provider's shares worth $1,388,000. This is after purchasing an additional 404 during the last quarter. Warren Street Wealth Advisors LLC increased its holdings of First Trust California Municipal High income ETF by 7.0% in the 4th Quarter. Warren Street Wealth Advisors LLC owns 12,274 of the financial services provider stock, worth $594,000. This is after purchasing an additional 805 share during the period. Perennial Investment Advisors LLC increased its holdings in First Trust California Municipal ETF by 47.1% over the 4th quarter. Perennial Investment Advisors LLC owns 8,750 of the financial services provider’s stock, valued at $423,000, after purchasing an additional 2,800 during the last quarter. LPL Financial LLC increased its stake in First Trust California Municipal High income ETF by 14.7% during the fourth quarter. LPL Financial LLC owns now 227,283 of the financial service provider's shares valued at $10.998,000 after buying an additional 29,168 during the period. TriaGen Wealth Management LLC increased its holdings in First Trust California Municipal High Income Fund by 21.7% during the fourth quarter. TriaGen Wealth Management LLC owns 11,761 of the financial services provider’s stock, worth $569,000. This is after buying an additional 2,096 during the last quarter. Institutional investors and hedge fund own 54.39%.
First Trust California Municipal ETF
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First California Financial Group, Inc. is a holding company that owns its 100% subsidiary First California Bank. The Bank is a commercial full-service 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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