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

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Friday, Marketbeat Ratings reports. The firm currently has a $17.00 price target on the stock. KeyCorp’s target price points to a potential downside of 66.37% from the stock’s current price.

BlackRock Short-Term California Muni Bond ETF Trading Up 0.0%

Shares of NASDAQ CALY opened at $50.56 on Friday. The business’s fifty day simple moving average is $50.50 and its 200-day simple moving average is $50.52. BlackRock Short-Term California Muni Bond ETF has a 12-month low of $49.68 and a 12-month high of $50.65.

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.