BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 75.3% in September

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 182,700 shares, a growth of 75.3% from the September 15th total of 104,200 shares. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Hedge funds have recently made changes to their positions in the stock. First National Bank Sioux Falls increased its position in shares of BlackRock Taxable Municipal Bond Trust by 5.8% during the first quarter. First National Bank Sioux Falls now owns 61,812 shares of the investment management company’s stock worth $1,010,000 after buying an additional 3,366 shares during the period. Nomura Holdings Inc. bought a new position in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth $285,000. Brookstone Capital Management acquired a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth $348,000. Wolverine Asset Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 678.7% in the second quarter. Wolverine Asset Management LLC now owns 30,369 shares of the investment management company’s stock valued at $497,000 after purchasing an additional 26,469 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 68.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 33,700 shares of the investment management company’s stock valued at $551,000 after purchasing an additional 13,665 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BlackRock Taxable Municipal Bond Trust stock traded down $0.02 on Monday, hitting $17.20. The stock had a trading volume of 57,434 shares, compared to its average volume of 230,257. The stock has a 50 day moving average of $17.70 and a 200 day moving average of $16.64. BlackRock Taxable Municipal Bond Trust has a twelve month low of $14.33 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0929 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.11 dividend on an annualized basis and a yield of 6.48%.

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.