BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Sees Significant Decrease in Short Interest

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 63,600 shares, a decline of 27.7% from the February 13th total of 88,000 shares. Based on an average daily volume of 182,200 shares, the short-interest ratio is currently 0.3 days.

BlackRock Taxable Municipal Bond Trust Trading Down 0.0 %

Shares of NYSE:BBN traded down $0.01 during trading on Tuesday, reaching $16.57. The stock had a trading volume of 83,945 shares, compared to its average volume of 221,773. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42. The firm’s fifty day moving average is $16.51 and its 200 day moving average is $16.83.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0929 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.11 dividend on an annualized basis and a yield of 6.73%.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

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

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.