Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Declines By 21.0%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 117,200 shares, a decrease of 21.0% from the December 15th total of 148,400 shares. Based on an average daily volume of 258,300 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently made changes to their positions in BBN. Envestnet Asset Management Inc. boosted its stake 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 purchasing an additional 255,824 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 14.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 98,395 shares of the investment management company’s stock worth $1,609,000 after buying an additional 12,395 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the second quarter valued at about $31,000. Bank of Montreal Can bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the second quarter valued at about $482,000. Finally, Miracle Mile Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the third quarter valued at about $178,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE BBN traded up $0.02 during mid-day trading on Thursday, reaching $16.20. 145,446 shares of the company were exchanged, compared to its average volume of 150,215. The company’s 50-day simple moving average is $16.43 and its 200-day simple moving average is $16.95. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0929 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.