Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 19.6% in December

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 48,782 shares, an increase of 19.6% from the December 15th total of 40,797 shares. Based on an average trading volume of 133,152 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 133,152 shares, the days-to-cover ratio is presently 0.4 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT opened at $22.61 on Wednesday. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.20 and a fifty-two week high of $22.92. The company’s 50-day moving average is $22.53 and its 200 day moving average is $22.42.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.0464 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 13th.

Institutional Trading of Blackrock Municipal 2030 Target Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Global Wealth Strategies & Associates purchased a new position in Blackrock Municipal 2030 Target Term Trust in the third quarter worth $44,000. Chapman Financial Group LLC purchased a new position in shares of Blackrock Municipal 2030 Target Term Trust in the 2nd quarter worth about $44,000. Geneos Wealth Management Inc. bought a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter valued at about $54,000. Creative Planning bought a new position in Blackrock Municipal 2030 Target Term Trust during the third quarter valued at about $205,000. Finally, Garden State Investment Advisory Services LLC purchased a new stake in Blackrock Municipal 2030 Target Term Trust during the second quarter worth about $201,000.

About Blackrock Municipal 2030 Target Term Trust

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.