Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 373.0% in July

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 17,500 shares, an increase of 373.0% from the July 15th total of 3,700 shares. Based on an average daily trading volume, of 119,400 shares, the short-interest ratio is currently 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 company. City of London Investment Management Co. Ltd. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 3.6% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 443,809 shares of the company’s stock valued at $9,218,000 after acquiring an additional 15,482 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 74.5% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 106,919 shares of the company’s stock valued at $2,221,000 after acquiring an additional 45,662 shares during the period. NINE MASTS CAPITAL Ltd raised its holdings in Blackrock Municipal 2030 Target Term Trust by 12.7% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 61,667 shares of the company’s stock valued at $1,281,000 after acquiring an additional 6,925 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at about $42,000. Finally, Shaker Financial Services LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 2nd quarter valued at about $375,000.

Blackrock Municipal 2030 Target Term Trust Trading Down 0.2 %

Shares of Blackrock Municipal 2030 Target Term Trust stock traded down $0.04 during trading hours on Monday, reaching $21.26. 129,240 shares of the company’s stock were exchanged, compared to its average volume of 131,691. The company has a 50 day moving average of $20.84 and a two-hundred day moving average of $20.84. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $18.90 and a fifty-two week high of $21.64.

Blackrock Municipal 2030 Target Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.046 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.60%.

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.