BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Stock Short Interest Rises 133.1%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 223,738 shares, an increase of 133.1% from the September 30th total of 95,993 shares. Based on an average daily volume of 349,302 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

A number of institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 12.1% in the third quarter. MGO One Seven LLC now owns 22,269 shares of the investment management company’s stock worth $321,000 after purchasing an additional 2,401 shares in the last quarter. Park Avenue Securities LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 0.8% during the 3rd quarter. Park Avenue Securities LLC now owns 115,290 shares of the investment management company’s stock worth $1,660,000 after acquiring an additional 875 shares during the period. Apollon Wealth Management LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 3rd quarter valued at about $514,000. Farther Finance Advisors LLC raised its holdings in BlackRock Taxable Municipal Bond Trust by 26.4% during the third quarter. Farther Finance Advisors LLC now owns 3,983 shares of the investment management company’s stock worth $57,000 after purchasing an additional 833 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in BlackRock Taxable Municipal Bond Trust by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 132,763 shares of the investment management company’s stock worth $2,147,000 after acquiring an additional 2,892 shares during the period.

BlackRock Taxable Municipal Bond Trust Stock Up 0.2%

BlackRock Taxable Municipal Bond Trust stock traded up $0.04 during trading hours on Friday, reaching $14.87. 161,324 shares of the stock were exchanged, compared to its average volume of 205,584. The firm’s 50 day moving average is $14.94 and its 200 day moving average is $15.81. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.16 and a 52-week high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.0986 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Friday, December 11th.

BlackRock Taxable Municipal Bond Trust Company Profile

BlackRock Taxable Municipal Bond Trust (NYSE: BBN) is a closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks to provide current income by investing primarily in taxable municipal bonds and other municipal obligations issued by states, cities, counties, and related governmental entities in the United States.

The fund’s portfolio may include Build America Bonds and other taxable municipal securities that finance public infrastructure and services, such as transportation, education, utilities, and healthcare facilities.