FCAL Stock Summary and Trading Ideas (First Trust California Municipal High Income ETF | NASDAQ:FCAL)

The First Trust California Municipal High Income ETFs primary investment objective will be to seek to provide current income that is exempt from regular federal income taxes and California income taxes, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes (collectively, "Municipal Securities").

First Trust California Municipal High Income ETF trades on the NASDAQ stock market under the symbol FCAL.

As of April 24, 2024, FCAL stock price declined to $49.11 with 10,371 million shares trading.

FCAL has a beta of 0.20, meaning it tends to be less sensitive to market movements. FCAL has a correlation of 0.29 to the broad based SPY ETF.

FCAL has a market cap of $216.08 million. This is considered a Small Cap stock.

In the last 3 years, FCAL stock traded as high as $57.99 and as low as $46.15.

FCAL has underperformed the market in the last year with a return of +3.2%, while the SPY ETF gained +24.2%. In the last 3 month period, FCAL fell short of the market, returning -0.1%, while SPY returned +4.6%. However, in the most recent 2 weeks FCAL has outperformed the stock market by returning -0.3%, while SPY returned -2.7%.

FCAL support price is $49.04 and resistance is $49.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCAL stock will trade within this expected range on the day.