Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Increases By 85.0%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 19,800 shares, an increase of 85.0% from the October 31st total of 10,700 shares. Based on an average daily volume of 282,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

A number of large investors have recently modified their holdings of the company. Fairscale Capital LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the second quarter valued at approximately $31,000. Larson Financial Group LLC boosted its position in 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 in the last quarter. Eastern Bank purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at $53,000. Opal Wealth Advisors LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth $102,000. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth $178,000.

BlackRock Taxable Municipal Bond Trust Trading Up 1.0 %

Shares of NYSE BBN traded up $0.16 during mid-day trading on Thursday, reaching $16.81. The company had a trading volume of 169,635 shares, compared to its average volume of 238,093. BlackRock Taxable Municipal Bond Trust has a 52 week low of $15.39 and a 52 week high of $18.42. The business’s 50-day moving average is $17.00 and its 200-day moving average is $16.83.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Friday, November 15th.

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.