Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Large Growth in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant growth in short interest during 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 days-to-cover ratio is currently 0.2 days.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Blackrock Municipal 2030 Target Term Trust stock traded down $0.08 during trading on Friday, reaching $21.27. 90,065 shares of the company were exchanged, compared to its average volume of 126,097. Blackrock Municipal 2030 Target Term Trust has a 52-week low of $20.22 and a 52-week high of $21.83. The stock’s 50 day simple moving average is $21.13 and its two-hundred day simple moving average is $21.20.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0464 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 2.62%.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTT. Ackerman Capital Advisors LLC lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 2.4% in the 4th quarter. Ackerman Capital Advisors LLC now owns 24,243 shares of the company’s stock valued at $499,000 after purchasing an additional 564 shares during the last quarter. NewEdge Advisors LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 5.6% in the fourth quarter. NewEdge Advisors LLC now owns 10,764 shares of the company’s stock valued at $222,000 after buying an additional 573 shares during the last quarter. Bessemer Group Inc. boosted its stake in Blackrock Municipal 2030 Target Term Trust by 11.3% during the fourth quarter. Bessemer Group Inc. now owns 8,126 shares of the company’s stock worth $168,000 after buying an additional 823 shares during the period. Andrew Hill Investment Advisors Inc. boosted its stake in Blackrock Municipal 2030 Target Term Trust by 5.2% during the fourth quarter. Andrew Hill Investment Advisors Inc. now owns 27,324 shares of the company’s stock worth $563,000 after buying an additional 1,350 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at approximately $29,000.

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.