BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Update

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 117,200 shares, a decrease of 21.0% from the December 31st total of 148,400 shares. Based on an average trading volume of 258,300 shares, the short-interest ratio is currently 0.5 days.

BlackRock Taxable Municipal Bond Trust Price Performance

Shares of NYSE BBN traded up $0.08 during mid-day trading on Thursday, hitting $16.49. The stock had a trading volume of 137,662 shares, compared to its average volume of 140,240. The company has a 50 day moving average of $16.42 and a two-hundred day moving average of $16.94. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 246.7% in the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares during the last quarter. Eastern Bank purchased a new stake in BlackRock Taxable Municipal Bond Trust in the third quarter valued at $53,000. Miracle Mile Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the third quarter valued at $178,000. Sanctuary Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the third quarter valued at $239,000. Finally, Mezzasalma Advisors LLC purchased a new stake in shares of BlackRock Taxable Municipal Bond Trust during the 4th quarter worth about $240,000.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.