Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Up 46.2% in February

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 33,409 shares, an increase of 46.2% from the February 12th total of 22,848 shares. Based on an average trading volume of 102,658 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 102,658 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Blackrock Municipal 2030 Target Term Trust

A number of hedge funds have recently added to or reduced their stakes in BTT. Gridiron Partners LLC raised its position in Blackrock Municipal 2030 Target Term Trust by 2,363.9% during the third quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after acquiring an additional 1,793,110 shares in the last quarter. Karpus Management Inc. grew its position in Blackrock Municipal 2030 Target Term Trust by 19.1% in the second quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock worth $78,539,000 after acquiring an additional 575,137 shares in the last quarter. Focus Partners Wealth bought a new stake in Blackrock Municipal 2030 Target Term Trust in the fourth quarter worth approximately $5,756,000. Tortoise Investment Management LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 11.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after purchasing an additional 138,536 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 6.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock worth $50,806,000 after purchasing an additional 138,439 shares during the last quarter.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of NYSE BTT opened at $22.67 on Monday. The business’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $22.61. Blackrock Municipal 2030 Target Term Trust has a one year low of $20.20 and a one year high of $23.08.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0464 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th.

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.