Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Drops By 37.2%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 17,400 shares, a decrease of 37.2% from the September 15th total of 27,700 shares. Based on an average daily volume of 134,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Tortoise Investment Management LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 1,131.7% during the 2nd quarter. Tortoise Investment Management LLC now owns 398,173 shares of the company’s stock valued at $8,270,000 after purchasing an additional 365,845 shares during the period. Logan Stone Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 79.0% during the second quarter. Logan Stone Capital LLC now owns 671,281 shares of the company’s stock valued at $13,943,000 after buying an additional 296,221 shares during the period. City of London Investment Management Co. Ltd. increased its holdings in Blackrock Municipal 2030 Target Term Trust by 130.0% during the first quarter. City of London Investment Management Co. Ltd. now owns 428,327 shares of the company’s stock valued at $9,021,000 after buying an additional 242,073 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Blackrock Municipal 2030 Target Term Trust by 9.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,214,689 shares of the company’s stock worth $25,229,000 after acquiring an additional 105,661 shares during the period. Finally, Almitas Capital LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth $1,607,000.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.4 %

Shares of Blackrock Municipal 2030 Target Term Trust stock traded down $0.09 on Monday, reaching $21.49. The company’s stock had a trading volume of 68,230 shares, compared to its average volume of 135,161. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $18.90 and a 52 week high of $21.83. The firm’s fifty day simple moving average is $21.46 and its two-hundred day simple moving average is $20.96.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0464 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Tuesday, October 15th.

About Blackrock Municipal 2030 Target Term Trust

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.