Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Significant Growth in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, an increase of 42.4% from the January 31st total of 17,000 shares. Based on an average trading volume of 180,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $29,000. Westside Investment Management Inc. bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter worth about $38,000. Chapman Financial Group LLC bought a new stake in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth approximately $41,000. Stonebridge Financial Group LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at approximately $45,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 86.3% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 4,763 shares of the company’s stock worth $98,000 after purchasing an additional 2,207 shares during the period.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE:BTT traded down $0.05 during midday trading on Wednesday, hitting $21.42. 28,138 shares of the stock were exchanged, compared to its average volume of 122,882. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $20.22 and a 52-week high of $21.83. The business’s fifty day simple moving average is $21.00 and its two-hundred day simple moving average is $21.20.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0464 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. 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.