Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Update

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 25,900 shares, a decrease of 49.2% from the October 31st total of 51,000 shares. Based on an average trading volume of 158,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Maltin Wealth Management Inc. increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 12.8% during the second quarter. Maltin Wealth Management Inc. now owns 37,227 shares of the company’s stock valued at $773,000 after acquiring an additional 4,238 shares during the period. Perkins Coie Trust Co acquired a new position in shares of Blackrock Municipal 2030 Target Term Trust during the 2nd quarter valued at $155,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 28.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 80,540 shares of the company’s stock worth $1,673,000 after buying an additional 18,071 shares in the last quarter. Seed Wealth Management Inc. raised its stake in shares of Blackrock Municipal 2030 Target Term Trust by 144.9% in the 2nd quarter. Seed Wealth Management Inc. now owns 46,220 shares of the company’s stock worth $960,000 after buying an additional 27,350 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 3.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 238,658 shares of the company’s stock valued at $4,957,000 after buying an additional 7,439 shares during the period.

Blackrock Municipal 2030 Target Term Trust Trading Up 0.6 %

NYSE:BTT traded up $0.12 during mid-day trading on Thursday, hitting $21.36. The stock had a trading volume of 114,268 shares, compared to its average volume of 138,933. The company has a 50 day simple moving average of $21.35 and a 200-day simple moving average of $21.10. Blackrock Municipal 2030 Target Term Trust has a 52 week low of $20.22 and a 52 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 Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0464 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.61%.

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.