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

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) is projected to issue its results before the market opens on Thursday, February 12th. Analysts expect the company to announce 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 NASDAQ CALY opened at $15.03 on Friday. BlackRock Short-Term California Muni Bond ETF has a 1 year low of $5.42 and a 1 year high of $16.65. The firm has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $46.58. The company has a market cap of $2.76 billion, a P/E ratio of -1.84 and a beta of 0.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zacks Research lowered 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 lifted their target price for the stock from $11.00 to $19.00 in a research report on Thursday, January 22nd. Finally, KeyCorp raised shares of 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 research note on Friday, January 16th.

Insider Buying and Selling

In other news, major shareholder Pep Tg Investments Gp Llc sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $14.70, for a total value of $147,000,000.00. Following the completion of the sale, the insider owned 11,175,226 shares in the company, valued at approximately $164,275,822.20. The trade was a 47.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.49% of the company’s stock.

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.