Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Stock Short Interest Climbs 191.5%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 77,159 shares, an increase of 191.5% from the September 15th total of 26,474 shares. Based on an average daily volume of 123,145 shares, the short-interest ratio is presently 0.6 days.

Insiders Place Their Bets

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of Blackrock Municipal 2030 Target Term Trust stock in a transaction dated Saturday, August 1st. The stock was sold at an average price of $22.48, for a total transaction of $40,464.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 0.4% in the 1st quarter. Scarborough Advisors LLC now owns 120,571 shares of the company’s stock valued at $2,737,000 after purchasing an additional 454 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 25.0% during the 2nd quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock worth $57,000 after acquiring an additional 500 shares during the period. Anchor Investment Management LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 2.6% in the 4th quarter. Anchor Investment Management LLC now owns 71,312 shares of the company’s stock valued at $1,627,000 after buying an additional 1,826 shares in the last quarter. Key Financial Inc acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 1st quarter worth approximately $88,000. Finally, Western Wealth Management LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 1st quarter worth approximately $91,000.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT opened at $21.75 on Wednesday. The business’s 50-day moving average price is $22.25 and its two-hundred day moving average price is $22.56. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $21.30 and a 1 year high of $23.24.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0464 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.56 annualized dividend and a dividend yield of 2.6%.

About Blackrock Municipal 2030 Target Term Trust

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a closed-end management investment company sponsored and managed by BlackRock Advisors, LLC. The fund seeks to provide current income exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal bonds and other tax-exempt securities.

BTT invests in debt obligations issued by U.S. states, territories, municipalities and related public entities. These securities may help finance public projects and services, including education, transportation, utilities, healthcare and other infrastructure.