BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 25,400 shares, a decrease of 86.1% from the September 30th total of 182,700 shares. Based on an average daily volume of 267,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBN. J.W. Cole Advisors Inc. raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 69.2% during the third quarter. J.W. Cole Advisors Inc. now owns 93,297 shares of the investment management company’s stock worth $1,663,000 after acquiring an additional 38,154 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of BlackRock Taxable Municipal Bond Trust by 22.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock worth $298,000 after purchasing an additional 3,102 shares in the last quarter. Eastern Bank purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 3rd quarter worth about $53,000. Raymond James & Associates lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 0.7% during the 3rd quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock valued at $6,315,000 after buying an additional 2,478 shares during the last quarter. Finally, Creative Planning grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 59.6% in the 3rd quarter. Creative Planning now owns 18,541 shares of the investment management company’s stock valued at $330,000 after buying an additional 6,925 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BlackRock Taxable Municipal Bond Trust stock traded down $0.08 during midday trading on Friday, hitting $16.60. The company’s stock had a trading volume of 265,247 shares, compared to its average volume of 233,977. The stock has a 50-day simple moving average of $17.64 and a 200-day simple moving average of $16.68. BlackRock Taxable Municipal Bond Trust has a 1-year low of $14.39 and a 1-year high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Taxable Municipal Bond Trust Company Profile

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.