BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Stock Short Interest Report for October

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target 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 trading volume, of 349,302 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Taxable Municipal Bond Trust Price Performance

BBN stock traded up $0.04 during midday trading on Friday, hitting $14.87. 190,351 shares of the company’s stock were exchanged, compared to its average volume of 205,814. The firm has a 50 day moving average price of $14.92 and a 200-day moving average price of $15.80. BlackRock Taxable Municipal Bond Trust has a 12-month low of $14.16 and a 12-month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently disclosed 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 of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BBN. PNC Financial Services Group Inc. acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the first quarter valued at approximately $39,000. Western Wealth Management LLC acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust during the first quarter valued at approximately $49,000. Farther Finance Advisors LLC boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 26.4% in the third quarter. Farther Finance Advisors LLC now owns 3,983 shares of the investment management company’s stock worth $57,000 after buying an additional 833 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of BlackRock Taxable Municipal Bond Trust in the first quarter worth $173,000. Finally, Nwam LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the first quarter valued at $178,000.

About BlackRock Taxable Municipal Bond Trust

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.