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

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

Blackrock Municipal 2030 Target Term Trust Stock Down 0.4 %

BTT traded down $0.08 during mid-day trading on Friday, reaching $21.27. The 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 52 week low of $20.22 and a 52 week high of $21.83. The firm’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.20.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. grew its position in shares of Blackrock Municipal 2030 Target Term Trust by 41.2% during the 4th quarter. Saba Capital Management L.P. now owns 539,880 shares of the company’s stock worth $11,116,000 after buying an additional 157,536 shares during the period. Pathstone Holdings LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 92.6% in the fourth quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock valued at $19,737,000 after acquiring an additional 460,836 shares during the period. Nomura Holdings Inc. bought a new stake in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $319,000. Cary Street Partners Financial LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter worth $279,000. Finally, Chapman Financial Group LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at about $41,000.

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.