(BFZ) BlackRock California - Ratings and Ratios

BlackRock California Municipal Income Trust (NYSE:BFZ) is a closed-end fixed income fund managed by BlackRock Advisors, LLC. Established on July 31, 2001, the fund focuses on investment-grade municipal bonds that are exempt from federal and California state income taxes, offering tax-efficient income for investors. The fund is part of the broader asset management portfolio of BlackRock, Inc., leveraging the firms extensive fixed income expertise and research capabilities to navigate municipal bond markets effectively.

Ticker Symbol: BFZ | Exchange: NYSE | Type: Common Stock | Country Origin: United States | GICS Sub Industry: Asset Management & Custody Banks

Based on the provided data, here is the 3-month forecast:

Over the next three months, BlackRock California Municipal Income Trust (BFZ) is expected to maintain price stability, with potential for slight downside risk. The SMA 20 and SMA 50 are trending below the SMA 200, indicating short-term weakness. The average trading volume of 92,073 shares suggests moderate liquidity. With a low ATR of 0.10, price fluctuations are expected to remain minimal. The funds market cap of $340.02M and P/B ratio of 0.88 suggest it is trading at a discount to book value, which may attract value investors. However, the high P/E ratio of 27.59 and low RoE of 4.66 indicate elevated valuations relative to earnings. The funds focus on tax-exempt municipal bonds positions it to benefit from ongoing demand for tax-efficient income, though interest rate sensitivity remains a key risk factor.