BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Shorted: Short Interest Down 55.6% in September

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 95,993 shares, a decrease of 55.6% from the September 15th total of 216,294 shares. Based on an average trading volume of 362,123 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in BlackRock Taxable Municipal Bond Trust in the first quarter worth $39,000. Western Wealth Management LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the first quarter worth $49,000. Farther Finance Advisors LLC grew its holdings in shares of BlackRock Taxable Municipal Bond Trust by 26.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,983 shares of the investment management company’s stock valued at $57,000 after buying an additional 833 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 1st quarter valued at $173,000. Finally, Nwam LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 1st quarter valued at $178,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE:BBN traded up $0.04 during mid-day trading on Wednesday, reaching $14.46. The stock had a trading volume of 942,945 shares, compared to its average volume of 197,257. The firm has a 50 day simple moving average of $15.23 and a two-hundred day simple moving average of $15.73. BlackRock Taxable Municipal Bond Trust has a twelve month low of $14.16 and a twelve month high of $17.45.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0986 per share. The ex-dividend date is Friday, December 11th. This represents a $1.18 dividend on an annualized basis and a yield of 8.2%.

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 fund seeks to provide current income by investing primarily in long-term municipal obligations issued by U.S. states, territories, and local governments, as well as related public entities.

Unlike traditional municipal bond funds that generally emphasize federally tax-exempt income, BBN focuses on taxable municipal securities. Its portfolio may include bonds that finance public infrastructure and essential services, such as transportation, education, utilities, health care, and housing.