BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Down 22.7% in February

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 88,000 shares, a decline of 22.7% from the January 31st total of 113,900 shares. Based on an average daily trading volume, of 185,700 shares, the short-interest ratio is presently 0.5 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN traded down $0.10 during midday trading on Wednesday, hitting $16.66. The stock had a trading volume of 158,901 shares, compared to its average volume of 222,245. The business has a 50-day simple moving average of $16.41 and a two-hundred day simple moving average of $16.90. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.39 and a fifty-two week high of $18.42.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0929 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBN. Creative Planning boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 59.6% in the third quarter. Creative Planning now owns 18,541 shares of the investment management company’s stock worth $330,000 after buying an additional 6,925 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 22.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,737 shares of the investment management company’s stock worth $298,000 after acquiring an additional 3,102 shares during the period. Farther Finance Advisors LLC boosted its position in BlackRock Taxable Municipal Bond Trust by 4.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 60,938 shares of the investment management company’s stock worth $1,086,000 after acquiring an additional 2,513 shares during the period. Focused Wealth Management Inc grew its stake in BlackRock Taxable Municipal Bond Trust by 2.3% during the 3rd quarter. Focused Wealth Management Inc now owns 578,650 shares of the investment management company’s stock valued at $10,312,000 after acquiring an additional 13,076 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 7.2% in the 3rd quarter. Fiera Capital Corp now owns 129,569 shares of the investment management company’s stock valued at $2,309,000 after purchasing an additional 8,695 shares during the period.

BlackRock Taxable Municipal Bond Trust Company Profile

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.