Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 57.4% in April

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT – Get Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 26,600 shares, an increase of 57.4% from the April 15th total of 16,900 shares. Based on an average daily trading volume, of 128,000 shares, the short-interest ratio is currently 0.2 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV bought a new position in shares of Blackrock Municipal 2030 Target Term Trust during the first quarter valued at approximately $213,000. Baird Financial Group Inc. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 1.6% during the first quarter. Baird Financial Group Inc. now owns 87,264 shares of the company’s stock valued at $2,062,000 after purchasing an additional 1,336 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 6.5% during the first quarter. Integrated Wealth Concepts LLC now owns 19,809 shares of the company’s stock valued at $468,000 after purchasing an additional 1,213 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 1.3% during the first quarter. Private Advisor Group LLC now owns 44,048 shares of the company’s stock valued at $1,041,000 after purchasing an additional 559 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 19.2% during the first quarter. Cetera Advisor Networks LLC now owns 9,282 shares of the company’s stock valued at $219,000 after purchasing an additional 1,492 shares in the last quarter.

Shares of NYSE BTT traded down $0.10 on Friday, reaching $22.64. 81,088 shares of the company’s stock traded hands, compared to its average volume of 122,867. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $21.73 and a 12 month high of $27.08. The business’s 50 day simple moving average is $23.27 and its two-hundred day simple moving average is $24.59.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a dividend of $0.062 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, May 13th.

Blackrock Municipal 2030 Target Term Trust Company Profile (Get Rating)

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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