BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

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

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 11.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 37,641 shares of the investment management company’s stock worth $607,000 after buying an additional 3,941 shares in the last quarter. Focused Wealth Management Inc raised its stake in BlackRock Taxable Municipal Bond Trust by 5.1% in the fourth quarter. Focused Wealth Management Inc now owns 608,359 shares of the investment management company’s stock worth $9,807,000 after buying an additional 29,709 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 4.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 49,698 shares of the investment management company’s stock worth $801,000 after buying an additional 2,140 shares in the last quarter. Mezzasalma Advisors LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust during the fourth quarter worth $240,000. Finally, Caitlin John LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 25.5% during the fourth quarter. Caitlin John LLC now owns 38,433 shares of the investment management company’s stock worth $620,000 after purchasing an additional 7,806 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Stock Up 0.5 %

Shares of NYSE BBN traded up $0.08 during trading hours on Thursday, reaching $16.49. The stock had a trading volume of 137,662 shares, compared to its average volume of 140,240. The business’s fifty day moving average price is $16.42 and its two-hundred day moving average price is $16.94. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.39 and a 52-week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0929 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.76%.

BlackRock Taxable Municipal Bond Trust Company Profile

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.