Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Down 75.5% in January

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 11,944 shares, a decline of 75.5% from the December 31st total of 48,782 shares. Based on an average daily volume of 129,049 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 129,049 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BTT. Karpus Management Inc. boosted its position in Blackrock Municipal 2030 Target Term Trust by 19.1% during the 2nd quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock valued at $78,539,000 after buying an additional 575,137 shares during the period. Pathstone Holdings LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 6.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock valued at $50,806,000 after acquiring an additional 138,439 shares during the period. Gridiron Partners LLC lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 2,363.9% during the third quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after purchasing an additional 1,793,110 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Blackrock Municipal 2030 Target Term Trust by 5.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,560,360 shares of the company’s stock valued at $35,607,000 after buying an additional 75,073 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 2.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,222,601 shares of the company’s stock worth $27,460,000 after purchasing an additional 33,115 shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

BTT stock traded up $0.02 during mid-day trading on Thursday, hitting $22.76. The company had a trading volume of 50,739 shares, compared to its average volume of 101,244. The stock’s fifty day moving average price is $22.58 and its two-hundred day moving average price is $22.45. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.20 and a 12 month high of $22.92.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

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.