Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Decreases By 44.7%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 35,200 shares, a decline of 44.7% from the February 28th total of 63,600 shares. Based on an average daily volume of 166,500 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comprehensive Money Management Services LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $337,000. Benjamin Edwards Inc. increased its position in BlackRock Taxable Municipal Bond Trust by 10.2% during the fourth quarter. Benjamin Edwards Inc. now owns 109,890 shares of the investment management company’s stock worth $1,771,000 after buying an additional 10,141 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 75.1% in the fourth quarter. Ameriprise Financial Inc. now owns 452,197 shares of the investment management company’s stock worth $7,298,000 after acquiring an additional 193,994 shares during the last quarter. Stifel Financial Corp lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 16.2% in the fourth quarter. Stifel Financial Corp now owns 64,897 shares of the investment management company’s stock valued at $1,046,000 after acquiring an additional 9,069 shares in the last quarter. Finally, Generation Capital Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at $187,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.5 %

Shares of BBN stock traded up $0.09 during mid-day trading on Friday, reaching $16.54. The stock had a trading volume of 18,831 shares, compared to its average volume of 131,668. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.39 and a 12-month high of $18.42. The business has a 50-day simple moving average of $16.58 and a 200 day simple moving average of $16.77.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0929 per share. The ex-dividend date is Friday, March 14th. This represents a $1.11 annualized dividend and a yield of 6.74%.

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.