Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Update

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 17,000 shares, a decrease of 5.0% from the January 15th total of 17,900 shares. Based on an average trading volume of 192,900 shares, the days-to-cover ratio is currently 0.1 days.

Blackrock Municipal 2030 Target Term Trust Stock Performance

NYSE BTT opened at $21.28 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.22 and a 52 week high of $21.83. The company has a 50-day moving average price of $20.87 and a two-hundred day moving average price of $21.19.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.0464 dividend. This represents a $0.56 annualized dividend and a yield of 2.62%. The ex-dividend date is Friday, February 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BTT. Almitas Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 179.6% in the 4th quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock worth $30,907,000 after purchasing an additional 964,150 shares during the last quarter. Pathstone Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 92.6% in the 4th quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock worth $19,737,000 after purchasing an additional 460,836 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,335,788 shares of the company’s stock worth $27,504,000 after purchasing an additional 243,776 shares during the last quarter. Hara Capital LLC grew its position in Blackrock Municipal 2030 Target Term Trust by 294.2% in the 3rd quarter. Hara Capital LLC now owns 272,765 shares of the company’s stock worth $5,897,000 after purchasing an additional 203,563 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 29.2% in the fourth quarter. Tortoise Investment Management LLC now owns 798,802 shares of the company’s stock valued at $16,447,000 after acquiring an additional 180,475 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Company Profile

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.