BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 73.1% in June

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target 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 daily trading volume, of 195,800 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN traded up $0.02 during mid-day trading on Friday, hitting $16.35. 218,910 shares of the company traded hands, compared to its average volume of 208,986. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.33 and a 52-week high of $17.13. The firm’s 50 day simple moving average is $15.86 and its 200 day simple moving average is $16.22.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

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

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Several hedge funds have recently modified their holdings of BBN. Cetera Advisors LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 58.6% during the 1st quarter. Cetera Advisors LLC now owns 23,596 shares of the investment management company’s stock worth $386,000 after purchasing an additional 8,722 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in BlackRock Taxable Municipal Bond Trust by 2.6% during the 1st 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 last quarter. Focused Wealth Management Inc increased its holdings in BlackRock Taxable Municipal Bond Trust by 7.3% during the 1st quarter. Focused Wealth Management Inc now owns 535,410 shares of the investment management company’s stock worth $8,749,000 after purchasing an additional 36,284 shares during the last quarter. Addison Capital Co increased its holdings in BlackRock Taxable Municipal Bond Trust by 27.8% during the 1st quarter. Addison Capital Co now owns 104,821 shares of the investment management company’s stock worth $1,713,000 after purchasing an additional 22,782 shares during the last quarter. Finally, Benedetti & Gucer Inc. increased its holdings in BlackRock Taxable Municipal Bond Trust by 15.8% during the 1st quarter. Benedetti & Gucer Inc. now owns 11,700 shares of the investment management company’s stock worth $191,000 after purchasing an additional 1,600 shares during the last quarter.

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.