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

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) will likely be releasing its results after the market closes 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 Price Performance

Shares of BlackRock Short-Term California Muni Bond ETF stock opened at $14.65 on Wednesday. The company’s 50 day moving average price is $37.68 and its two-hundred day moving average price is $46.03. The firm has a market capitalization of $2.69 billion, a P/E ratio of -1.79 and a beta of 0.96. 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.

Insiders Place Their Bets

In related news, major shareholder Pep Tg Investments Gp Llc sold 10,000,000 shares of the stock in a transaction dated 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 owned 11,175,226 shares in the company, valued at approximately $164,275,822.20. This represents a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CALY shares. Truist Financial upped their price objective on BlackRock Short-Term California Muni Bond ETF from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research downgraded BlackRock Short-Term California Muni Bond ETF from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. B. Riley Financial upgraded BlackRock Short-Term California Muni Bond ETF from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $19.00 in a research report on Thursday, January 22nd. Finally, KeyCorp upgraded BlackRock Short-Term California Muni Bond ETF from a “sector weight” rating to an “overweight” rating and set a $17.00 target price for the company in a report on Friday, January 16th.

BlackRock Short-Term California Muni Bond ETF Company Profile

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.