BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 52.8% in December

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 148,400 shares, a growth of 52.8% from the November 30th total of 97,100 shares. Based on an average daily trading volume, of 266,100 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of BlackRock Taxable Municipal Bond Trust stock traded down $0.10 during trading on Friday, hitting $15.90. 299,390 shares of the company were exchanged, compared to its average volume of 237,736. The firm’s fifty day moving average price is $16.59 and its 200 day moving average price is $16.94. BlackRock Taxable Municipal Bond Trust has a 1-year low of $15.39 and a 1-year high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were given a dividend of $0.0929 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 7.01%.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of hedge funds have recently modified their holdings of the business. Eagle Bluffs Wealth Management LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 3.7% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 1,404,321 shares of the investment management company’s stock worth $25,025,000 after purchasing an additional 50,264 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in BlackRock Taxable Municipal Bond Trust by 50.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 762,255 shares of the investment management company’s stock valued at $12,463,000 after acquiring an additional 255,824 shares in the last quarter. Focused Wealth Management Inc boosted its stake in BlackRock Taxable Municipal Bond Trust by 2.3% in the 3rd quarter. Focused Wealth Management Inc now owns 578,650 shares of the investment management company’s stock worth $10,312,000 after purchasing an additional 13,076 shares during the period. HighTower Advisors LLC increased its holdings in BlackRock Taxable Municipal Bond Trust by 330.6% during the 3rd quarter. HighTower Advisors LLC now owns 435,512 shares of the investment management company’s stock worth $7,757,000 after purchasing an additional 334,362 shares in the last quarter. Finally, Raymond James & Associates grew its stake 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 worth $6,315,000 after acquiring an additional 2,478 shares in the last quarter.

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.