BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Sees Large Decrease in Short Interest

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the target of a large decline in short interest during 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 volume of 185,700 shares, the short-interest ratio is currently 0.5 days.

BlackRock Taxable Municipal Bond Trust Price Performance

BlackRock Taxable Municipal Bond Trust stock opened at $16.98 on Tuesday. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $15.39 and a fifty-two week high of $18.42. The stock has a 50-day simple moving average of $16.39 and a 200-day simple moving average of $16.90.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, February 14th.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oder Investment Management LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 1.2% during the 4th quarter. Oder Investment Management LLC now owns 54,226 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 659 shares during the last quarter. National Bank of Canada FI raised its stake in BlackRock Taxable Municipal Bond Trust by 12.9% during 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 acquiring an additional 1,000 shares during the last quarter. Larson Financial Group LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 246.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 1,480 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in BlackRock Taxable Municipal Bond Trust by 4.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 49,698 shares of the investment management company’s stock valued at $801,000 after acquiring an additional 2,140 shares during the last quarter. Finally, M&T Bank Corp raised its stake in BlackRock Taxable Municipal Bond Trust by 0.4% during the 4th quarter. M&T Bank Corp now owns 637,513 shares of the investment management company’s stock valued at $10,276,000 after acquiring an additional 2,433 shares during the last quarter.

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.