Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Down 75.5% in January

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 11,944 shares, a drop of 75.5% from the December 31st total of 48,782 shares. Based on an average daily trading volume, of 129,049 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 129,049 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new position in Blackrock Municipal 2030 Target Term Trust in the second quarter worth approximately $1,017,000. Envestnet Asset Management Inc. lifted its stake in Blackrock Municipal 2030 Target Term Trust by 26.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 159,273 shares of the company’s stock valued at $3,486,000 after acquiring an additional 32,865 shares during the period. Integrated Capital Management Inc. grew its holdings in Blackrock Municipal 2030 Target Term Trust by 32.0% during the second quarter. Integrated Capital Management Inc. now owns 25,321 shares of the company’s stock worth $554,000 after acquiring an additional 6,135 shares during the period. Allspring Global Investments Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 5.6% during the third 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 period. Finally, Tortoise Investment Management LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 9.5% in the second 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 in the last quarter.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.0%

Shares of BTT stock traded up $0.01 on Friday, reaching $22.76. The company’s stock had a trading volume of 81,732 shares, compared to its average volume of 100,267. The stock’s fifty day simple moving average is $22.58 and its 200-day simple moving average is $22.46. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $20.20 and a 1 year high of $22.92.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0464 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 2.4%.

Blackrock Municipal 2030 Target Term Trust Company Profile

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a non-diversified, closed-end management investment company managed by BlackRock Fund Advisors. Launched in 2018, the trust seeks to provide shareholders with a high level of current income exempt from federal income tax, while also aiming for total return. Shares of BTT trade on the New York Stock Exchange, offering investors a means to access a portfolio of municipal securities through a publicly traded vehicle.

The trust’s primary investment activities focus on U.S.