BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Rating Increased to Overweight at KeyCorp

KeyCorp upgraded shares of BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) from a sector weight rating to an overweight rating in a research note released on Friday, MarketBeat.com reports. KeyCorp currently has $17.00 price objective on the stock.

BlackRock Short-Term California Muni Bond ETF Stock Performance

Shares of CALY opened at $15.14 on Friday. The firm has a 50 day simple moving average of $49.79 and a two-hundred day simple moving average of $50.28. BlackRock Short-Term California Muni Bond ETF has a one year low of $14.67 and a one year high of $50.65.

About BlackRock Short-Term California Muni Bond ETF

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALY was launched on Jul 11, 2023 and is issued by BlackRock.