Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Down 29.6% in March

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw 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 days-to-cover ratio is currently 0.2 days.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC boosted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 179.6% during the 4th quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock valued at $30,907,000 after purchasing an additional 964,150 shares during the last quarter. Pathstone Holdings LLC grew 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 valued at $19,737,000 after purchasing an additional 460,836 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $27,504,000 after purchasing an additional 243,776 shares during the period. Tortoise Investment Management LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 29.2% during the fourth 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 boosted its holdings in Blackrock Municipal 2030 Target Term Trust by 199.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 262,825 shares of the company’s stock valued at $5,412,000 after acquiring an additional 175,022 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.1 %

Shares of Blackrock Municipal 2030 Target Term Trust stock traded up $0.02 during trading hours on Monday, reaching $21.19. 106,931 shares of the stock traded hands, compared to its average volume of 148,038. Blackrock Municipal 2030 Target Term Trust has a one year low of $20.22 and a one year high of $21.83. The company has a 50 day moving average price of $21.24 and a 200 day moving average price of $21.18.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

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.