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  • Short-term interest on First Trust California Municipal High Income ETF (NASDAQ: FCAL) rises 71.4%

Short-term interest on First Trust California Municipal High Income ETF (NASDAQ: FCAL) rises 71.4%

By on April 30, 2022 0

First Trust California Municipal High Income ETF (NASDAQ:FCAL – Get Rating) benefited from a sharp increase in short-term interest in April. As of April 15, there was short interest totaling 3,600 shares, a 71.4% increase from the March 31 total of 2,100 shares. Based on an average daily volume of 17,700 shares, the short interest ratio is currently 0.2 days.

FCAL opened at $49.05 on Friday. The company has a fifty-day moving average price of $51.12 and a 200-day moving average price of $53.16. First Trust California Municipal High Income ETF has a 1-year minimum of $48.87 and a 1-year maximum of $57.99.

The company also recently announced a monthly dividend, which was paid on Friday, April 29. Investors of record on Friday, April 22 received a dividend of $0.09. This represents an annualized dividend of $1.08 and a dividend yield of 2.20%. The ex-dividend date was Thursday, April 21.

Institutional investors and hedge funds have recently been buying and selling stocks. LPL Financial LLC increased its stake in shares of First Trust California Municipal High Income ETF by 16.9% in Q3. LPL Financial LLC now owns 270,633 shares of the financial services provider valued at $14,756,000 after purchasing an additional 39,085 shares during the period. Financial Advocates Investment Management increased its stake in shares of First Trust California Municipal High Income ETF by 2.1% in Q3. Financial Advocates Investment Management now owns 11,415 shares of the financial services provider valued at $622,000 after purchasing an additional 230 shares during the period. SimpliFi Inc. increased its position in the First Trust California Municipal High Income ETF by 125.7% during the fourth quarter. SimpliFi Inc. now owns 10,033 shares of the financial services provider worth $549,000 after acquiring an additional 5,587 shares during the period. OLD Mission Capital LLC acquired a new position in First Trust California Municipal High Income ETF during the third quarter worth $392,000. Finally, Steel Peak Wealth Management LLC increased its position in First Trust California Municipal High Income ETF by 11.5% during the fourth quarter. Steel Peak Wealth Management LLC now owns 7,250 shares of the financial services provider worth $397,000 after acquiring an additional 750 shares during the period.

About First Trust California Municipal High Income ETF (Get a rating)

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 in the areas commonly referred to 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 of Glendale-Burbank-Pasadena, South Bay, Inland Empire, Northern San Diego County, Century City and other parts of Los Angeles, Orange San Luis Obispo and Ventura Counties in Southern California South.

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