First Trust California Etf Profile
| FCAL Etf | USD 48.13 0.04 0.08% |
PerformanceVery Weak
| Odds Of DistressLow
|
First Trust is selling for 48.13 as of the 4th of May 2025. This is a 0.08 percent decrease since the beginning of the trading day. The etf's lowest day price was 48.0. First Trust has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 3rd of February 2025 and ending today, the 4th of May 2025. Click here to learn more.
The fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. California Municipal is traded on NASDAQ Exchange in the United States.. The company has 29.23 M outstanding shares of which 372.79 K shares are currently shorted by private and institutional investors with about 6.1 trading days to cover. More on First Trust California
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RefreshFirst Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Municipals ETFs, Municipals ETFs, Muni California Long, First Trust, Banking (View all Sectors) |
| Issuer | First Trust |
| Inception Date | 2017-06-20 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 281.68 Million |
| Average Trading Valume | 36,084.2 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | First Trust Advisors L.P. |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | First Trust Portfolios L.P. |
| Portfolio Manager | Tom Byron, Johnathan Wilhelm |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Jul |
| Exchange | NASDAQ |
| Number of Constituents | 338 |
| Market Maker | GTS |
| Total Expense | 0.65 |
| Management Fee | 0.65 |
| Country Name | USA |
| Returns Y T D | (1.47) |
| Name | First Trust California Municipal High Income ETF |
| Currency Code | USD |
| Open Figi | BBG00GY1H0R6 |
| In Threey Volatility | 6.27 |
| 1y Volatility | 3.82 |
| 200 Day M A | 49.5604 |
| 50 Day M A | 48.8365 |
| Code | FCAL |
| Updated At | 4th of May 2025 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.37) |
First Trust California [FCAL] is traded in USA and was established 2017-06-21. The fund is listed under Muni California Long category and is part of First Trust family. The entity is thematically classified as Broad Municipals ETFs. First Trust California currently have 116.31 M in assets under management (AUM). , while the total return for the last 3 years was 2.1%.
First Trust California currently holds about 74.8 M in cash with 18.3 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.56.
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First Trust California Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 1.0E-4 | |||
| Treynor Ratio | (0.34) |
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The market value of First Trust California is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.