Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Drops By 27.7%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) 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

Institutional investors have recently made changes to their positions in the business. Oder Investment Management LLC grew its position in BlackRock Taxable Municipal Bond Trust by 1.2% during the 4th quarter. Oder Investment Management LLC now owns 54,226 shares of the investment management company’s stock worth $874,000 after purchasing an additional 659 shares during the period. National Bank of Canada FI boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 12.9% in the fourth quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock worth $141,000 after buying an additional 1,000 shares during the last quarter. Larson Financial Group LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% during 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 period. Kestra Private Wealth Services LLC raised its position in BlackRock Taxable Municipal Bond Trust by 4.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 49,698 shares of the investment management company’s stock valued at $801,000 after acquiring an additional 2,140 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in BlackRock Taxable Municipal Bond Trust by 0.4% in the fourth quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after acquiring an additional 2,433 shares during the period.

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.