BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 55.9% in July

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 102,966 shares, a growth of 55.9% from the July 15th total of 66,063 shares. Based on an average trading volume of 96,873 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of large investors have recently added to or reduced their stakes in BBN. Sit Investment Associates Inc. raised its stake in BlackRock Taxable Municipal Bond Trust by 5.9% during the 4th quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after buying an additional 372,131 shares during the last quarter. Morgan Stanley boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 3.4% in the 4th quarter. Morgan Stanley now owns 5,213,773 shares of the investment management company’s stock worth $85,089,000 after buying an additional 169,391 shares during the last quarter. Eagle Bluffs Wealth Management LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.3% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after acquiring an additional 89,793 shares during the period. Bank of America Corp DE grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 2.4% in the first quarter. Bank of America Corp DE now owns 1,128,853 shares of the investment management company’s stock worth $18,254,000 after acquiring an additional 26,778 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.4% in the third quarter. Raymond James Financial Inc. now owns 938,902 shares of the investment management company’s stock worth $15,586,000 after acquiring an additional 39,843 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 0.0%

Shares of NYSE BBN opened at $15.73 on Wednesday. The firm’s 50-day moving average price is $15.94 and its 200-day moving average price is $16.08. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.47 and a 52-week high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0986 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

BlackRock Taxable Municipal Bond Trust Company Profile

The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.

Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.