BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 183.3% in January

BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet 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

Several institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. increased its stake in BlackRock Taxable Municipal Bond Trust by 62.9% in the 3rd quarter. Harbour Investments Inc. now owns 2,850 shares of the investment management company’s stock worth $43,000 after buying an additional 1,100 shares during the period. Tortoise Investment Management LLC boosted its stake in BlackRock Taxable Municipal Bond Trust by 332.0% in the 4th quarter. Tortoise Investment Management LLC now owns 2,635 shares of the investment management company’s stock worth $45,000 after purchasing an additional 2,025 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth approximately $66,000. Advisory Services Network LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 33.3% during the 1st quarter. Advisory Services Network LLC now owns 4,000 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 1,000 shares during the period. Finally, Hollencrest Capital Management purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 2nd quarter valued at approximately $79,000.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

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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