Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Decreases By 29.6%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 25,400 shares, a decrease of 29.6% from the February 28th total of 36,100 shares. Based on an average trading volume of 165,800 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Several institutional investors have recently modified their holdings of BTT. Almitas Capital LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 179.6% during the 4th quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock worth $30,907,000 after buying an additional 964,150 shares during the period. Pathstone Holdings LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 92.6% during the fourth quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock worth $19,737,000 after acquiring an additional 460,836 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 22.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,335,788 shares of the company’s stock worth $27,504,000 after acquiring an additional 243,776 shares during the period. Tortoise Investment Management LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 29.2% in the 4th quarter. Tortoise Investment Management LLC now owns 798,802 shares of the company’s stock valued at $16,447,000 after acquiring an additional 180,475 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 199.3% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 262,825 shares of the company’s stock worth $5,412,000 after purchasing an additional 175,022 shares during the period.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT traded up $0.03 during trading hours on Tuesday, reaching $21.26. The stock had a trading volume of 167,458 shares, compared to its average volume of 148,147. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.22 and a 52 week high of $21.83. The firm has a 50-day moving average of $21.25 and a 200 day moving average of $21.18.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

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.