BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 63,600 shares, a decrease of 27.7% from the February 13th total of 88,000 shares. Based on an average daily volume of 182,200 shares, the short-interest ratio is presently 0.3 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN stock traded up $0.04 during trading on Monday, hitting $16.58. 131,749 shares of the company’s stock traded hands, compared to its average volume of 222,303. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.39 and a 1 year high of $18.42. The business has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $16.83.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0929 per share. The ex-dividend date is Friday, March 14th. This represents a $1.11 annualized dividend and a yield of 6.73%.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

A number of hedge funds have recently made changes to their positions in BBN. Larson Financial Group LLC grew its stake in BlackRock Taxable Municipal Bond Trust by 246.7% in the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of BlackRock Taxable Municipal Bond Trust by 12.9% in the 4th quarter. National Bank of Canada FI now owns 8,748 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,000 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust in the 4th quarter worth approximately $173,000. Generation Capital Management LLC bought a new position in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth approximately $187,000. Finally, Avantax Advisory Services Inc. purchased a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter valued at approximately $216,000.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.