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First Trust California Municipal High Income ETF (FCAL)

Muni California Long | Exchange Traded Fund | NasdaqGM
49.48 USD -0.03 (-0.051%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 3:13 a.m. EDT

The security offers a robust 3.34% yield driven by a consistent stream of quarterly distributions that have risen steadily from $0.09 to over $0.14 in the last five years, indicating healthy cash generation relative to the share count. However, the long-term investment case is neutral because the price has failed to keep pace with these payouts, resulting in a nearly 4% decline over the past eight years. While the most recent annual return was negative, the broader trajectory shows a balanced mix of four up and four down years, suggesting the market is currently pricing in specific sector risks rather than a fundamental collapse. For the short term, the asset is essentially flat; it trades near its 50-day and 200-day averages with no immediate momentum catalyst to drive a breakout, making it suitable only as a defensive income component rather than a capital appreciation vehicle.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.002729
AutoARIMA0.002875
MSTL0.003395
AutoTheta0.003395
MSTL_900.004818
MSTL_1260.006197
MSTL_90_1260.007515

Forecast horizon: 60 days | Selected: AutoETS

Forecast Reliability
Score 67%
H-stat 1.09
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.49

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.29% 3.39% 3.14% 2.83%
Dividend History
Date Dividend Yield %
2026-06-25 0.143 0.288423
2026-05-21 0.143 0.292703
2026-04-21 0.142 0.287449
2026-03-26 0.141 0.289231
2026-02-20 0.141 0.282622
2026-01-21 0.140 0.283602
2025-12-12 0.136 0.276986
2025-11-21 0.136 0.275638
2025-10-21 0.135 0.273778
2025-09-25 0.135 0.278007
2025-08-21 0.133 0.279470
2025-07-22 0.132 0.278205
2025-06-26 0.132 0.275459
2025-05-21 0.132 0.275747
2025-04-22 0.132 0.277953
2025-03-27 0.129 0.264996
2025-02-21 0.129 0.261610
2025-01-22 0.129 0.261823
2024-12-13 0.128 0.256308
2024-11-21 0.128 0.256462
2024-10-22 0.128 0.257328
2024-09-26 0.125 0.249103
2024-08-21 0.124 0.248099
2024-07-23 0.123 0.247834
2024-06-27 0.123 0.248435
2024-05-21 0.121 0.245635
2024-04-23 0.120 0.244200
2024-03-21 0.120 0.241449
2024-02-21 0.120 0.241303
2024-01-23 0.120 0.242326
2023-12-22 0.120 0.240553
2023-11-21 0.117 0.242789
2023-10-24 0.115 0.245989
2023-09-22 0.115 0.240787
2023-08-22 0.114 0.237006
2023-07-21 0.114 0.231896
2023-06-27 0.114 0.232986
2023-05-23 0.113 0.233713
2023-04-21 0.113 0.230895
2023-03-24 0.112 0.228385
2023-02-22 0.112 0.230453
2023-01-24 0.112 0.225534
2022-12-23 0.110 0.226991
2022-11-22 0.107 0.223382
2022-10-21 0.103 0.221030
2022-09-23 0.100 0.211149
2022-08-23 0.095 0.193286
2022-07-21 0.093 0.189718
2022-06-24 0.093 0.192547
2022-05-24 0.093 0.191516
2022-04-21 0.090 0.182186
2022-03-25 0.090 0.176436
2022-02-18 0.090 0.171135
2022-01-21 0.090 0.166759
2021-12-23 0.090 0.164288
2021-11-23 0.090 0.164926
2021-10-21 0.090 0.165944
2021-09-23 0.090 0.163964
2021-08-24 0.090 0.163177
2021-07-21 0.090 0.162660
2021-06-24 0.095 0.172727
2021-05-21 0.095 0.174009
2021-04-21 0.095 0.174056
2021-03-25 0.095 0.176380
2021-02-23 0.095 0.175861
2021-01-21 0.095 0.174986
2020-12-24 0.095 0.175959
2020-11-24 0.095 0.177371
2020-10-21 0.095 0.180334
2020-09-24 0.095 0.179347
2020-08-21 0.095 0.179296
2020-07-21 0.095 0.180197
2020-06-25 0.095 0.182307
2020-05-21 0.095 0.186842
2020-04-21 0.095 0.187784
2020-03-26 0.095 0.184502
2020-02-21 0.095 0.173865
2020-01-22 0.095 0.176056
2019-12-13 0.100 0.187459
2019-11-21 0.105 0.197796
2019-10-22 0.110 0.207000
2019-09-25 0.120 0.225141
2019-08-21 0.120 0.224006
2019-07-23 0.125 0.237237
2019-06-14 0.125 0.239459
2019-05-21 0.125 0.240987
2019-04-23 0.125 0.244141
2019-03-21 0.125 0.246461
2019-02-21 0.125 0.247967
2019-01-23 0.125 0.250075
2018-12-18 0.125 0.251034
2018-11-21 0.125 0.253596
2018-10-23 0.125 0.252724
2018-09-14 0.125 0.249880
2018-08-21 0.125 0.249004
2018-07-20 0.125 0.247706
2018-06-21 0.125 0.250000
2018-05-22 0.125 0.250200
2018-04-20 0.125 0.249431
2018-03-22 0.125 0.249203
2018-02-21 0.125 0.250752
2018-01-23 0.125 0.246015
2017-12-21 0.160 0.313725
2017-11-21 0.110 0.215230
2017-10-20 0.100 0.197044
2017-09-21 0.100 0.197083
2017-08-22 0.100 0.197824
2017-07-21 0.100 0.198847
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendDate 2017-07-31
dividendYield 3.34

Info Dump

Attribute Value
All Time High 57.99
All Time Low 45.32
Ask 49.61
Ask Size 1
Average Daily Volume10 Day 16,470
Average Daily Volume3 Month 20,470
Average Volume 20,470
Average Volume10Days 16,470
Beta3 Year 0.85
Bid 49.35
Bid Size 1
Category Muni California Long
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 49.54
Day Low 49.475
Dividend Date 1,501,459,200
Dividend Yield 3.34
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 49.42126
Fifty Day Average Change 0.05373764
Fifty Day Average Change Percent 0.0010873385
Fifty Two Week Change Percent 3.5258412
Fifty Two Week High 50.13
Fifty Two Week High Change -0.6550026
Fifty Two Week High Change Percent -0.0130660795
Fifty Two Week Low 47.35
Fifty Two Week Low Change 2.125
Fifty Two Week Low Change Percent 0.044878565
Fifty Two Week Range 47.35 - 50.13
First Trade Date Milliseconds 1,498,570,200,000
Five Year Average Return 0.0058486
Full Exchange Name NasdaqGM
Fund Family First Trust
Fund Inception Date 1,497,916,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as "high yield" or "junk" bonds.
Long Name First Trust California Municipal High Income ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_431830198
Nav Price 49.48
Net Assets 223,459,584.0
Net Expense Ratio 0.49
Open 49.5
Phone (800) 621-1675
Previous Close 49.5
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.025001526
Regular Market Change Percent -0.05050813
Regular Market Day High 49.54
Regular Market Day Low 49.475
Regular Market Day Range 49.475 - 49.54
Regular Market Open 49.5
Regular Market Previous Close 49.5
Regular Market Price 49.475
Regular Market Time 1,783,972,800
Regular Market Volume 8,267
Short Name First Trust California Municipa
Source Interval 15
Symbol FCAL
Three Year Average Return 0.034445
Total Assets 223,459,584
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 2.43933
Trailing Three Month Returns 2.43933
Triggerable 1
Two Hundred Day Average 49.37577
Two Hundred Day Average Change 0.099227905
Two Hundred Day Average Change Percent 0.0020096477
Type Disp ETF
Volume 8,267
Yield 0.0334
Ytd Return 2.50105