Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Expands By 49.2%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 36,100 shares, a growth of 49.2% from the February 13th total of 24,200 shares. Based on an average trading volume of 178,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Park Avenue Securities LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter valued at approximately $1,634,000. Sanctuary Advisors LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 2.9% in the fourth quarter. Sanctuary Advisors LLC now owns 73,343 shares of the company’s stock valued at $1,542,000 after acquiring an additional 2,041 shares during the period. Pathstone Holdings LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 138.1% during the third quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after acquiring an additional 288,682 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 32.3% during the fourth quarter. Wolverine Asset Management LLC now owns 57,449 shares of the company’s stock valued at $1,183,000 after acquiring an additional 14,040 shares during the period. Finally, Sentinel Trust Co. LBA grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 9.7% in the 4th quarter. Sentinel Trust Co. LBA now owns 558,146 shares of the company’s stock worth $11,492,000 after purchasing an additional 49,225 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Trading Down 0.4 %

Shares of NYSE:BTT traded down $0.08 during midday trading on Friday, hitting $21.27. The company’s stock had a trading volume of 90,065 shares, compared to its average volume of 126,097. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.22 and a fifty-two week high of $21.83. The stock’s 50 day simple moving average is $21.13 and its 200 day simple moving average is $21.20.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.0464 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.62%.

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.