Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Declines By 5.0%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 17,000 shares, a decrease of 5.0% from the January 15th total of 17,900 shares. Based on an average daily volume of 192,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTT. Spire Wealth Management purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust during the fourth quarter valued at approximately $29,000. Westside Investment Management Inc. purchased a new position in Blackrock Municipal 2030 Target Term Trust during the 4th quarter valued at $38,000. Chapman Financial Group LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $41,000. Stonebridge Financial Group LLC bought a new position in Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $45,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its stake in Blackrock Municipal 2030 Target Term Trust by 86.3% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 4,763 shares of the company’s stock worth $98,000 after purchasing an additional 2,207 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.3 %

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $21.34 on Thursday. The stock has a 50 day moving average price of $20.87 and a 200-day moving average price of $21.19. Blackrock Municipal 2030 Target Term Trust has a one year low of $20.22 and a one year high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.61%.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.