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

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 48,782 shares, an increase of 19.6% from the December 15th total of 40,797 shares. Based on an average daily volume of 133,152 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 133,152 shares, the short-interest ratio is presently 0.4 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE BTT traded down $0.23 during trading on Tuesday, hitting $22.61. 79,887 shares of the company traded hands, compared to its average volume of 120,441. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.20 and a 12 month high of $22.92. The business has a fifty day simple moving average of $22.53 and a 200 day simple moving average of $22.42.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0464 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 2.7% in the third quarter. NewEdge Advisors LLC now owns 22,243 shares of the company’s stock valued at $500,000 after purchasing an additional 591 shares during the period. Petra Financial Advisors Inc. grew its stake in Blackrock Municipal 2030 Target Term Trust by 2.5% in the 3rd quarter. Petra Financial Advisors Inc. now owns 27,700 shares of the company’s stock valued at $622,000 after buying an additional 670 shares during the last quarter. Riverbridge Partners LLC raised its holdings in Blackrock Municipal 2030 Target Term Trust by 2.4% in the 3rd quarter. Riverbridge Partners LLC now owns 40,929 shares of the company’s stock worth $919,000 after acquiring an additional 941 shares during the period. Maltin Wealth Management Inc. lifted its position in Blackrock Municipal 2030 Target Term Trust by 1.2% during the 4th quarter. Maltin Wealth Management Inc. now owns 131,007 shares of the company’s stock worth $2,990,000 after acquiring an additional 1,523 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in Blackrock Municipal 2030 Target Term Trust by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 139,898 shares of the company’s stock worth $3,062,000 after acquiring an additional 1,793 shares during the last quarter.

About Blackrock Municipal 2030 Target Term Trust

BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) is a non-diversified, closed-end management investment company managed by BlackRock Fund Advisors. Launched in 2018, the trust seeks to provide shareholders with a high level of current income exempt from federal income tax, while also aiming for total return. Shares of BTT trade on the New York Stock Exchange, offering investors a means to access a portfolio of municipal securities through a publicly traded vehicle.

The trust’s primary investment activities focus on U.S.