BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 52.8% in December

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 148,400 shares, an increase of 52.8% from the November 30th total of 97,100 shares. Based on an average trading volume of 266,100 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Large investors have recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust during the second quarter valued at approximately $31,000. Larson Financial Group LLC grew its position in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 1,480 shares during the period. Eastern Bank purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth $53,000. Miracle Mile Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 3rd quarter worth $178,000. Finally, Concurrent Investment Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth $230,000.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE:BBN opened at $15.90 on Monday. The stock’s 50-day simple moving average is $16.59 and its two-hundred day simple moving average is $16.95. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 7.01%. The ex-dividend date was Monday, December 16th.

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.