BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Upgraded 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 report report published on Friday, MarketBeat.com reports. The firm currently has $17.00 price target on the stock. KeyCorp also issued estimates for BlackRock Short-Term California Muni Bond ETF’s Q2 2026 earnings at $0.27 EPS.

BlackRock Short-Term California Muni Bond ETF Stock Performance

BlackRock Short-Term California Muni Bond ETF stock opened at $15.14 on Friday. BlackRock Short-Term California Muni Bond ETF has a 52-week low of $14.67 and a 52-week high of $50.65. The stock’s 50 day moving average price is $49.79 and its two-hundred day moving average price is $50.27.

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.