Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Significant Growth in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 77,159 shares, an increase of 191.5% from the September 15th total of 26,474 shares. Based on an average trading volume of 123,145 shares, the days-to-cover ratio is currently 0.6 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT stock traded up $0.12 during mid-day trading on Tuesday, reaching $21.75. The stock had a trading volume of 111,436 shares, compared to its average volume of 95,850. Blackrock Municipal 2030 Target Term Trust has a one year low of $21.30 and a one year high of $23.24. The firm’s 50 day simple moving average is $22.26 and its 200 day simple moving average is $22.57.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0464 per share. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, December 11th.

Insiders Place Their Bets

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of Blackrock Municipal 2030 Target Term Trust stock in a transaction that occurred on Saturday, August 1st. The stock was sold at an average price of $22.48, for a total value of $40,464.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of large investors have recently modified their holdings of BTT. CoreCap Advisors LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 25.0% in the 2nd quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock valued at $57,000 after acquiring an additional 500 shares in the last quarter. Key Financial Inc acquired a new position in Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth approximately $88,000. Western Wealth Management LLC bought a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth approximately $91,000. Fifth Third Bancorp bought a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter worth $116,000. Finally, Allworth Financial LP lifted its position in Blackrock Municipal 2030 Target Term Trust by 817.8% during the 2nd quarter. Allworth Financial LP now owns 5,966 shares of the company’s stock worth $136,000 after buying an additional 5,316 shares in the last quarter.

About Blackrock Municipal 2030 Target Term Trust

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a closed-end management investment company sponsored and managed by BlackRock Advisors, LLC. The fund seeks to provide current income exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal bonds and other tax-exempt securities.

BTT invests in debt obligations issued by U.S. states, territories, municipalities and related public entities. These securities may help finance public projects and services, including education, transportation, utilities, healthcare and other infrastructure.