BlackRock Short-Term California Muni Bond ETF (CALY) Expected to Announce Quarterly Earnings on Thursday

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) will likely be releasing its results before the market opens on Thursday, February 12th. Analysts expect BlackRock Short-Term California Muni Bond ETF to post earnings of ($0.45) per share and revenue of $785.3140 million for the quarter.

BlackRock Short-Term California Muni Bond ETF Stock Performance

CALY opened at $15.03 on Friday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -1.84 and a beta of 0.96. The company has a fifty day moving average of $39.12 and a 200 day moving average of $46.58. BlackRock Short-Term California Muni Bond ETF has a fifty-two week low of $5.42 and a fifty-two week high of $16.65.

Insider Transactions at BlackRock Short-Term California Muni Bond ETF

In other BlackRock Short-Term California Muni Bond ETF news, major shareholder Pep Tg Investments Gp Llc sold 10,000,000 shares of BlackRock Short-Term California Muni Bond ETF stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $14.70, for a total transaction of $147,000,000.00. Following the completion of the transaction, the insider directly owned 11,175,226 shares of the company’s stock, valued at $164,275,822.20. The trade was a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CALY has been the subject of a number of research analyst reports. Zacks Research lowered BlackRock Short-Term California Muni Bond ETF from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. B. Riley Financial upgraded BlackRock Short-Term California Muni Bond ETF from a “neutral” rating to a “buy” rating and raised their price target for the company from $11.00 to $19.00 in a report on Thursday, January 22nd. Finally, KeyCorp raised BlackRock Short-Term California Muni Bond ETF from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Friday, January 16th.

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.