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

BlackRock Taxable Municipal Bond Trust (NYSE:BBNGet Rating) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 53,900 shares, an increase of 180.7% from the March 15th total of 19,200 shares. Based on an average trading volume of 261,600 shares, the short-interest ratio is currently 0.2 days.

BlackRock Taxable Municipal Bond Trust stock opened at $20.19 on Thursday. The stock’s fifty day moving average price is $21.95 and its two-hundred day moving average price is $24.25. BlackRock Taxable Municipal Bond Trust has a one year low of $19.82 and a one year high of $27.12.

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a dividend of $0.123 per share. The ex-dividend date is Wednesday, April 13th. This represents a $1.48 dividend on an annualized basis and a yield of 7.31%.

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in BlackRock Taxable Municipal Bond Trust by 3.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 156,260 shares of the investment management company’s stock worth $4,024,000 after acquiring an additional 4,579 shares during the period. Guggenheim Capital LLC increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 0.7% in the 3rd quarter. Guggenheim Capital LLC now owns 1,362,630 shares of the investment management company’s stock valued at $35,088,000 after purchasing an additional 9,695 shares during the last quarter. UBS Group AG increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 0.9% in the 3rd quarter. UBS Group AG now owns 1,559,167 shares of the investment management company’s stock valued at $40,148,000 after purchasing an additional 13,788 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 9.0% in the 4th quarter. D.A. Davidson & CO. now owns 12,697 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Centaurus Financial Inc. increased its stake in shares of BlackRock Taxable Municipal Bond Trust by 8.6% in the 3rd quarter. Centaurus Financial Inc. now owns 30,249 shares of the investment management company’s stock valued at $779,000 after purchasing an additional 2,407 shares during the last quarter.

BlackRock Taxable Municipal Bond Trust Company Profile (Get Rating)

BlackRock Taxable Municipal Bond Trust is a non-diversified and closed-end management investment company. Its primary investment objective is to seek high current income, with a secondary objective of capital appreciation. The trust seeks to achieve its investment objectives by investing primarily in a portfolio of taxable municipal securities known as Build America Bonds.

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