Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Grows By 46.2%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 33,409 shares, a growth of 46.2% from the February 12th total of 22,848 shares. Based on an average daily volume of 102,658 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 102,658 shares, the short-interest ratio is presently 0.3 days.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of BTT opened at $22.67 on Friday. The company has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $22.61. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.20 and a 12 month high of $23.08.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.0464 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BTT. Basepoint Wealth LLC bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter worth about $29,000. Core Wealth Advisors LLC bought a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at about $30,000. Global Wealth Strategies & Associates acquired a new position in Blackrock Municipal 2030 Target Term Trust in the third quarter valued at about $44,000. Chapman Financial Group LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the second quarter worth approximately $44,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the third quarter worth approximately $54,000.

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.