Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 60.3% in July

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 45,573 shares, a growth of 60.3% from the July 15th total of 28,425 shares. Based on an average daily trading volume, of 71,438 shares, the short-interest ratio is presently 0.6 days.

Insiders Place Their Bets

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of the company’s stock in a transaction on Saturday, August 1st. The stock was sold at an average price of $22.48, for a total value of $40,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its position in shares of Blackrock Municipal 2030 Target Term Trust by 26.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 783,682 shares of the company’s stock worth $17,829,000 after purchasing an additional 166,122 shares during the last quarter. CoreCap Advisors LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 25.0% in the second quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock valued at $57,000 after buying an additional 500 shares during the last quarter. Western Wealth Management LLC acquired a new position in Blackrock Municipal 2030 Target Term Trust in the first quarter valued at about $91,000. Everest Financial Group LLC purchased a new position in Blackrock Municipal 2030 Target Term Trust during the first quarter worth about $279,000. Finally, Petra Financial Advisors Inc. boosted its stake in Blackrock Municipal 2030 Target Term Trust by 99.5% during the first quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after buying an additional 28,415 shares during the period.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of BTT stock remained flat at $22.57 during trading on Tuesday. 68,309 shares of the stock traded hands, compared to its average volume of 92,294. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $22.15 and a 1 year high of $23.24. The firm’s 50-day moving average price is $22.64 and its two-hundred day moving average price is $22.75.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0464 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.5%.

Blackrock Municipal 2030 Target Term Trust Company Profile

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.