Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Rises By 49.2%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 36,100 shares, a growth of 49.2% from the February 13th total of 24,200 shares. Based on an average daily trading volume, of 178,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BTT. Almitas Capital LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 179.6% in the fourth quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock valued at $30,907,000 after purchasing an additional 964,150 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of 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 valued at $19,737,000 after buying an additional 460,836 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 22.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,335,788 shares of the company’s stock worth $27,504,000 after acquiring an additional 243,776 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 29.2% during the 4th 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. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 199.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 262,825 shares of the company’s stock valued at $5,412,000 after acquiring an additional 175,022 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.3 %

Shares of BTT stock traded down $0.06 during trading hours on Monday, reaching $21.21. 88,945 shares of the company’s stock were exchanged, compared to its average volume of 147,236. The business has a fifty day moving average price of $21.13 and a 200-day moving average price of $21.20. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.22 and a fifty-two week high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0464 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, March 14th.

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.