BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant 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 presently 0.5 days.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake 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 valued at $70,503,000 after purchasing an additional 1,111,574 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at $16,022,000. HighTower Advisors LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 330.6% in the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after acquiring an additional 334,362 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted 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 acquiring an additional 318,049 shares during the period. Finally, StoneX Group Inc. purchased a new position in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at about $3,153,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.0 %

BBN traded up $0.01 during trading on Thursday, reaching $16.67. The company had a trading volume of 16,734 shares, compared to its average volume of 221,430. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42. The firm’s 50-day simple moving average is $16.41 and its 200 day simple moving average is $16.90.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend is Friday, March 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.