Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Large Increase in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, an increase of 42.4% from the January 31st total of 17,000 shares. Based on an average daily trading volume, of 180,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Several institutional investors have recently made changes to their positions in BTT. Saba Capital Management L.P. raised its position in Blackrock Municipal 2030 Target Term Trust by 41.2% in the fourth quarter. Saba Capital Management L.P. now owns 539,880 shares of the company’s stock valued at $11,116,000 after purchasing an additional 157,536 shares during the period. Pathstone Holdings LLC raised its position in Blackrock Municipal 2030 Target Term Trust by 92.6% in the fourth quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock valued at $19,737,000 after purchasing an additional 460,836 shares during the period. Nomura Holdings Inc. purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $319,000. Cary Street Partners Financial LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $279,000. Finally, Chapman Financial Group LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $41,000.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.3 %

Shares of BTT stock traded down $0.07 during trading on Tuesday, hitting $21.45. 99,330 shares of the stock traded hands, compared to its average volume of 125,350. The firm’s fifty day moving average price is $20.98 and its 200-day moving average price is $21.20. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $20.22 and a 52-week high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, March 14th.

Blackrock Municipal 2030 Target Term Trust Company Profile

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.