Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Expands By 73.1%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 40,500 shares, an increase of 73.1% from the May 31st total of 23,400 shares. Based on an average trading volume of 195,800 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock traded up $0.02 on Friday, hitting $16.35. 218,910 shares of the stock traded hands, compared to its average volume of 208,986. The company’s fifty day moving average is $15.86 and its 200 day moving average is $16.22. BlackRock Taxable Municipal Bond Trust has a 1-year low of $14.33 and a 1-year high of $17.13.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.093 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.83%. The ex-dividend date was Friday, June 14th.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Several hedge funds have recently bought and sold shares of BBN. Oder Investment Management LLC grew its holdings in BlackRock Taxable Municipal Bond Trust by 1.4% in the 4th quarter. Oder Investment Management LLC now owns 66,677 shares of the investment management company’s stock valued at $1,084,000 after buying an additional 899 shares during the last quarter. High Net Worth Advisory Group LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 1.8% during the fourth quarter. High Net Worth Advisory Group LLC now owns 56,921 shares of the investment management company’s stock worth $926,000 after purchasing an additional 986 shares during the period. Fortis Group Advisors LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,000 shares of the investment management company’s stock worth $33,000 after purchasing an additional 1,000 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 43,308 shares of the investment management company’s stock worth $657,000 after purchasing an additional 1,090 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 6.7% during the fourth quarter. D.A. Davidson & CO. now owns 19,369 shares of the investment management company’s stock worth $315,000 after purchasing an additional 1,223 shares during the period.

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.