Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Decreases By 31.7%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 17,700 shares, a decrease of 31.7% from the November 15th total of 25,900 shares. Based on an average daily volume of 160,800 shares, the short-interest ratio is presently 0.1 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of Blackrock Municipal 2030 Target Term Trust stock traded down $0.14 on Friday, hitting $21.00. The company’s stock had a trading volume of 158,995 shares, compared to its average volume of 140,027. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $20.22 and a 1 year high of $21.83. The firm has a fifty day moving average price of $21.29 and a 200-day moving average price of $21.14.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.65%.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Garden State Investment Advisory Services LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust in the third quarter valued at $483,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 3rd quarter valued at about $508,000. Sanctuary Advisors LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 42.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,302 shares of the company’s stock worth $1,503,000 after acquiring an additional 21,330 shares during the period. Virtu Financial LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust in the third quarter valued at approximately $290,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter worth approximately $1,898,000.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.