Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Grows By 37.6%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 46,800 shares, a growth of 37.6% from the September 30th total of 34,000 shares. Based on an average daily volume of 93,500 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 93,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Karpus Management Inc. grew its stake in Blackrock Municipal 2030 Target Term Trust by 19.1% in the 2nd quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock valued at $78,539,000 after buying an additional 575,137 shares during the last quarter. Gridiron Partners LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 2,363.9% in the 3rd quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after buying an additional 1,793,110 shares during the last quarter. Almitas Capital LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 3.9% in the 1st quarter. Almitas Capital LLC now owns 1,558,862 shares of the company’s stock valued at $33,095,000 after buying an additional 57,801 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 5.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,485,287 shares of the company’s stock valued at $33,360,000 after buying an additional 78,600 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 9.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,189,486 shares of the company’s stock valued at $26,038,000 after buying an additional 103,140 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.4%

BTT traded down $0.10 on Monday, reaching $22.56. The company had a trading volume of 79,067 shares, compared to its average volume of 122,232. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.20 and a fifty-two week high of $22.87. The company’s fifty day moving average is $22.51 and its 200 day moving average is $21.97.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.0464 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.