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

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 45,573 shares, a growth of 60.3% from the July 15th total of 28,425 shares. Based on an average daily trading volume, of 71,438 shares, the days-to-cover ratio is presently 0.6 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of NYSE BTT traded up $0.03 during midday trading on Wednesday, reaching $22.62. 9,569 shares of the stock were exchanged, compared to its average volume of 91,769. The firm has a 50-day simple moving average of $22.64 and a two-hundred day simple moving average of $22.74. Blackrock Municipal 2030 Target Term Trust has a twelve month low of $22.15 and a twelve month high of $23.24.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0464 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, September 15th.

Insiders Place Their Bets

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of the business’s 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tortoise Investment Management LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 11.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after buying an additional 138,536 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $568,000. Integrity Wealth Partners LLC acquired a new stake in Blackrock Municipal 2030 Target Term Trust in the 1st quarter valued at $565,000. Petra Financial Advisors Inc. increased its holdings in Blackrock Municipal 2030 Target Term Trust by 99.5% in the 1st quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after acquiring an additional 28,415 shares in the last quarter. Finally, Sentinel Trust Co. LBA increased its holdings in Blackrock Municipal 2030 Target Term Trust by 37.3% in the 1st quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock worth $18,994,000 after acquiring an additional 227,104 shares in 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.