Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Declines By 5.0%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 17,000 shares, a decrease of 5.0% from the January 15th total of 17,900 shares. Based on an average daily trading volume, of 192,900 shares, the days-to-cover ratio is presently 0.1 days.

Blackrock Municipal 2030 Target Term Trust Stock Performance

Shares of Blackrock Municipal 2030 Target Term Trust stock opened at $21.34 on Thursday. The stock’s fifty day moving average price is $20.87 and its 200-day moving average price is $21.19. Blackrock Municipal 2030 Target Term Trust has a 12 month low of $20.22 and a 12 month high of $21.83.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.0464 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Several hedge funds have recently modified their holdings of BTT. Almitas Capital LLC increased its holdings in Blackrock Municipal 2030 Target Term Trust by 179.6% during the fourth quarter. Almitas Capital LLC now owns 1,501,061 shares of the company’s stock valued at $30,907,000 after buying an additional 964,150 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 22.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,335,788 shares of the company’s stock valued at $27,504,000 after acquiring an additional 243,776 shares during the period. Pathstone Holdings LLC raised its position in shares of Blackrock Municipal 2030 Target Term Trust by 92.6% in the 4th quarter. Pathstone Holdings LLC now owns 958,519 shares of the company’s stock worth $19,737,000 after acquiring an additional 460,836 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 29.2% during the 4th quarter. Tortoise Investment Management LLC now owns 798,802 shares of the company’s stock worth $16,447,000 after purchasing an additional 180,475 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Blackrock Municipal 2030 Target Term Trust by 3.9% during the fourth quarter. Van ECK Associates Corp now owns 561,113 shares of the company’s stock valued at $11,553,000 after purchasing an additional 21,179 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.