Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Large Increase in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 24,200 shares, an increase of 42.4% from the January 31st total of 17,000 shares. Based on an average daily volume of 180,200 shares, the days-to-cover ratio is presently 0.1 days.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of NYSE:BTT traded down $0.07 during trading on Tuesday, hitting $21.45. The company’s stock had a trading volume of 99,330 shares, compared to its average volume of 125,350. The business has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $21.20. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.22 and a fifty-two week high of $21.83.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.0464 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 2.60%.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

Several institutional investors have recently modified their holdings of BTT. Van ECK Associates Corp grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 8.7% in the third quarter. Van ECK Associates Corp now owns 539,934 shares of the company’s stock worth $11,447,000 after acquiring an additional 43,381 shares in the last quarter. Hara Capital LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 294.2% in the third quarter. Hara Capital LLC now owns 272,765 shares of the company’s stock worth $5,897,000 after acquiring an additional 203,563 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 4.3% in the third quarter. Wolverine Asset Management LLC now owns 43,409 shares of the company’s stock worth $939,000 after acquiring an additional 1,775 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 14.2% in the third quarter. Oppenheimer & Co. Inc. now owns 22,677 shares of the company’s stock worth $490,000 after acquiring an additional 2,823 shares in the last quarter. Finally, Pathstone Holdings LLC grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 138.1% in the third quarter. Pathstone Holdings LLC now owns 497,683 shares of the company’s stock worth $10,760,000 after acquiring an additional 288,682 shares in the last quarter.

About Blackrock Municipal 2030 Target Term Trust

Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.