BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

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

BlackRock Taxable Municipal Bond Trust Trading Up 0.7 %

BBN stock traded up $0.12 during trading on Friday, hitting $16.57. The stock had a trading volume of 114,147 shares, compared to its average volume of 218,870. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.39 and a 1-year high of $18.42. The company’s 50 day moving average price is $16.59 and its two-hundred day moving average price is $16.75.

BlackRock Taxable Municipal Bond Trust Announces Dividend

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

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

A number of hedge funds have recently made changes to their positions in BBN. Larson Financial Group LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares during the period. National Bank of Canada FI grew its stake in BlackRock Taxable Municipal Bond Trust by 12.9% during the 4th 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 in the last quarter. Advisory Services Network LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter valued at approximately $173,000. Generation Capital Management LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $187,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in 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.