BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 238,800 shares, a growth of 183.3% from the January 15th total of 84,300 shares. Based on an average daily volume of 273,300 shares, the short-interest ratio is presently 0.9 days.
BlackRock Taxable Municipal Bond Trust Trading Down 0.1 %
Shares of NYSE BBN traded down $0.01 during midday trading on Monday, hitting $16.89. The stock had a trading volume of 140,971 shares, compared to its average volume of 258,856. The business’s 50 day moving average is $16.48 and its 200-day moving average is $15.83. BlackRock Taxable Municipal Bond Trust has a 52 week low of $14.33 and a 52 week high of $18.36.
BlackRock Taxable Municipal Bond Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be given a dividend of $0.093 per share. This is a positive change from BlackRock Taxable Municipal Bond Trust’s previous monthly dividend of $0.09. The ex-dividend date is Wednesday, February 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.61%.
Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust
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.
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