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

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target of a large 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 trading volume of 182,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $239,000. Allspring Global Investments Holdings LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 11.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 37,641 shares of the investment management company’s stock valued at $607,000 after buying an additional 3,941 shares during the period. Park Avenue Securities LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 7.3% in the 4th quarter. Park Avenue Securities LLC now owns 120,896 shares of the investment management company’s stock valued at $1,949,000 after buying an additional 8,269 shares during the period. Jane Street Group LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $942,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 446.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,506 shares of the investment management company’s stock valued at $427,000 after buying an additional 21,654 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Down 0.2 %

Shares of NYSE BBN traded down $0.04 during trading on Friday, hitting $16.53. 91,472 shares of the company were exchanged, compared to its average volume of 222,667. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42. The company has a fifty day moving average price of $16.50 and a 200-day moving average price of $16.84.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0929 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.11 annualized dividend and a dividend yield of 6.74%.

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.