First Trust California Municipal High Income ETF (NASDAQ:FCAL) Short Interest Up 163.1% in December

First Trust California Municipal High Income ETF (NASDAQ:FCAL) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 83,996 shares, a growth of 163.1% from the November 30th total of 31,930 shares. Based on an average daily volume of 25,438 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.2% of the shares of the company are sold short. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 25,438 shares, the days-to-cover ratio is currently 3.3 days.

First Trust California Municipal High Income ETF Stock Performance

Shares of FCAL traded up $0.01 during trading hours on Friday, reaching $49.26. The stock had a trading volume of 29,949 shares, compared to its average volume of 28,976. First Trust California Municipal High Income ETF has a 12 month low of $46.44 and a 12 month high of $50.11. The company’s 50-day moving average is $49.31 and its two-hundred day moving average is $48.55. The stock has a market capitalization of $189.65 million, a PE ratio of 129.63 and a beta of 0.25.

First Trust California Municipal High Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, December 12th. First Trust California Municipal High Income ETF’s dividend payout ratio is 418.42%.

Hedge Funds Weigh In On First Trust California Municipal High Income ETF

Several hedge funds have recently modified their holdings of FCAL. Comerica Bank purchased a new stake in shares of First Trust California Municipal High Income ETF in the 3rd quarter valued at approximately $48,000. Private Trust Co. NA boosted its holdings in First Trust California Municipal High Income ETF by 319.6% in the second quarter. Private Trust Co. NA now owns 1,389 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 1,058 shares in the last quarter. Ameriflex Group Inc. lifted its position in shares of First Trust California Municipal High Income ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,086 shares of the financial services provider’s stock worth $151,000 after buying an additional 1,543 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of First Trust California Municipal High Income ETF in the 2nd quarter valued at $205,000. Finally, Diversified Portfolios Inc. purchased a new stake in First Trust California Municipal High Income ETF in the second quarter valued at $210,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.