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

by · The Cerbat Gem

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT – Get Free Report) was the recipient of 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 trading volume, of 93,500 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 93,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Global Wealth Strategies & Associates acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter worth about $44,000. Chapman Financial Group LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth about $44,000. Geneos Wealth Management Inc. acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter worth about $54,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth about $201,000. Finally, Western Wealth Management LLC acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter worth about $203,000.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.4%

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

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.0464 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.5%.

About Blackrock Municipal 2030 Target Term Trust

(Get Free Report)

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.

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