Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Increases By 49.2%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 36,100 shares, a growth of 49.2% from the February 13th total of 24,200 shares. Based on an average trading volume of 178,800 shares, the short-interest ratio is presently 0.2 days.

Blackrock Municipal 2030 Target Term Trust Trading Down 0.3 %

Shares of Blackrock Municipal 2030 Target Term Trust stock traded down $0.06 during mid-day trading on Monday, reaching $21.21. 88,945 shares of the stock were exchanged, compared to its average volume of 147,236. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.22 and a fifty-two week high of $21.83. The firm has a 50-day simple moving average of $21.13 and a 200 day simple moving average of $21.20.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BTT. Saba Capital Management L.P. raised its position in Blackrock Municipal 2030 Target Term Trust by 41.2% in the 4th quarter. Saba Capital Management L.P. now owns 539,880 shares of the company’s stock valued at $11,116,000 after purchasing an additional 157,536 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 92.6% in the fourth quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock valued at $19,737,000 after buying an additional 460,836 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter valued at about $319,000. Cary Street Partners Financial LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth about $279,000. Finally, Chapman Financial Group LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter worth about $41,000.

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.