BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Sees Large Decrease in Short Interest

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 88,000 shares, a decline of 22.7% from the January 31st total of 113,900 shares. Based on an average daily volume of 185,700 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. increased its position in BlackRock Taxable Municipal Bond Trust by 34.1% during the 4th quarter. Sit Investment Associates Inc. now owns 4,373,635 shares of the investment management company’s stock worth $70,503,000 after purchasing an additional 1,111,574 shares during the period. Eagle Bluffs Wealth Management LLC increased its position in BlackRock Taxable Municipal Bond Trust by 22.6% during the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 1,722,370 shares of the investment management company’s stock worth $27,765,000 after purchasing an additional 318,049 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $16,022,000. Invesco Ltd. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 31.5% in the 4th quarter. Invesco Ltd. now owns 761,686 shares of the investment management company’s stock worth $12,278,000 after acquiring an additional 182,650 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 20.5% in the 4th quarter. LPL Financial LLC now owns 684,672 shares of the investment management company’s stock worth $11,037,000 after acquiring an additional 116,244 shares during the period.

BlackRock Taxable Municipal Bond Trust Trading Up 0.3 %

NYSE BBN opened at $16.98 on Tuesday. The business’s 50 day moving average is $16.39 and its two-hundred day moving average is $16.90. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.0929 per share. This represents a $1.11 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Friday, February 14th.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.