BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 63,600 shares, a decline of 27.7% from the February 13th total of 88,000 shares. Based on an average daily volume of 182,200 shares, the days-to-cover ratio is presently 0.3 days.
BlackRock Taxable Municipal Bond Trust Price Performance
NYSE BBN traded up $0.04 during trading hours on Monday, reaching $16.58. The stock had a trading volume of 131,749 shares, compared to its average volume of 222,303. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42. The stock has a fifty day moving average of $16.51 and a 200 day moving average of $16.83.
BlackRock Taxable Municipal Bond Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0929 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.73%.
Institutional Inflows and Outflows
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.
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