Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Drops By 44.7%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 35,200 shares, a decrease of 44.7% from the February 28th total of 63,600 shares. Based on an average daily trading volume, of 166,500 shares, the short-interest ratio is presently 0.2 days.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BBN stock traded up $0.12 during trading hours on Friday, reaching $16.57. The company had a trading volume of 114,147 shares, compared to its average volume of 218,870. The stock’s fifty day simple moving average is $16.59 and its 200 day simple moving average is $16.75. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

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 dividend of $0.0929 per share. The ex-dividend date is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBN. Larson Financial Group LLC lifted its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% in the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after buying an additional 1,480 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 12.9% in the fourth quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock worth $141,000 after acquiring an additional 1,000 shares in the last quarter. Advisory Services Network LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $173,000. Generation Capital Management LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the fourth quarter valued at about $187,000. Finally, Avantax Advisory Services Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $216,000.

BlackRock Taxable Municipal Bond Trust Company Profile

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.