Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 92.8% in January

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 23,029 shares, a growth of 92.8% from the January 15th total of 11,944 shares. Based on an average trading volume of 71,574 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 71,574 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of large investors have recently modified their holdings of the business. Jacobi Capital Management LLC increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 204,180 shares of the company’s stock valued at $4,659,000 after acquiring an additional 787 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 26.1% in the fourth quarter. Kestra Advisory Services LLC now owns 36,425 shares of the company’s stock valued at $831,000 after purchasing an additional 7,533 shares in the last quarter. Stifel Financial Corp grew its stake in Blackrock Municipal 2030 Target Term Trust by 5.5% in the fourth quarter. Stifel Financial Corp now owns 215,635 shares of the company’s stock valued at $4,921,000 after purchasing an additional 11,149 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 528,422 shares of the company’s stock worth $12,059,000 after purchasing an additional 62,301 shares during the last quarter. Finally, Cohen & Steers Inc. raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 25.0% during the 4th quarter. Cohen & Steers Inc. now owns 50,000 shares of the company’s stock worth $1,141,000 after purchasing an additional 10,000 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Price Performance

Shares of BTT traded up $0.04 during mid-day trading on Friday, hitting $22.80. 59,288 shares of the company’s stock were exchanged, compared to its average volume of 98,022. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.20 and a 52 week high of $23.03. The company has a 50-day simple moving average of $22.65 and a 200 day simple moving average of $22.52.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0464 dividend. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 13th.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.