Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Declines By 44.7%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 35,200 shares, a decrease of 44.7% from the February 28th total of 63,600 shares. Based on an average trading volume of 166,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of institutional investors have recently modified their holdings of BBN. Larson Financial Group LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% in the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after acquiring an additional 1,480 shares during the last quarter. National Bank of Canada FI raised its position in shares of BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock worth $141,000 after purchasing an additional 1,000 shares during the period. Advisory Services Network LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $173,000. Generation Capital Management LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $187,000. Finally, Avantax Advisory Services Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at $216,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN traded up $0.12 during trading hours on Friday, hitting $16.57. 114,147 shares of the stock were exchanged, compared to its average volume of 218,870. BlackRock Taxable Municipal Bond Trust has a 12 month low of $15.39 and a 12 month high of $18.42. The stock has a 50-day simple moving average of $16.59 and a 200-day simple moving average of $16.75.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.73%. The ex-dividend date is Friday, March 14th.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.