Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Large Decrease in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 25,400 shares, a decrease of 29.6% from the February 28th total of 36,100 shares. Based on an average trading volume of 165,800 shares, the short-interest ratio is presently 0.2 days.

Blackrock Municipal 2030 Target Term Trust Stock Up 0.2 %

Shares of NYSE BTT traded up $0.05 during midday trading on Friday, reaching $21.18. 84,059 shares of the company traded hands, compared to its average volume of 148,203. The stock’s 50-day simple moving average is $21.23 and its 200-day simple moving average is $21.19. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.22 and a 12 month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BTT. Almitas Capital LLC lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 179.6% during the fourth 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 in the last quarter. Pathstone Holdings LLC lifted its holdings in Blackrock Municipal 2030 Target Term Trust by 92.6% during the 4th quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock worth $19,737,000 after buying an additional 460,836 shares in the last quarter. Allspring Global Investments Holdings LLC boosted 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 valued at $27,504,000 after buying an additional 243,776 shares during the last quarter. Tortoise Investment Management LLC boosted its position in Blackrock Municipal 2030 Target Term Trust by 29.2% in the 4th quarter. Tortoise Investment Management LLC now owns 798,802 shares of the company’s stock valued at $16,447,000 after buying an additional 180,475 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 199.3% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 262,825 shares of the company’s stock worth $5,412,000 after acquiring an additional 175,022 shares during the last quarter.

About Blackrock Municipal 2030 Target Term Trust

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.