BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 327,206 shares, an increase of 217.8% from the July 30th total of 102,966 shares. Based on an average daily trading volume, of 133,986 shares, the short-interest ratio is currently 2.4 days.
Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 3.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 21,891 shares of the investment management company’s stock valued at $357,000 after acquiring an additional 674 shares during the last quarter. Addison Capital Co lifted its stake in BlackRock Taxable Municipal Bond Trust by 2.0% during the first quarter. Addison Capital Co now owns 35,836 shares of the investment management company’s stock worth $579,000 after purchasing an additional 693 shares during the last quarter. Delta Financial Advisors LLC lifted its stake in BlackRock Taxable Municipal Bond Trust by 4.6% during the fourth quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock worth $277,000 after purchasing an additional 750 shares during the last quarter. Oder Investment Management LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 3.2% in the first quarter. Oder Investment Management LLC now owns 35,152 shares of the investment management company’s stock valued at $568,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Comprehensive Money Management Services LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 6.3% in the first quarter. Comprehensive Money Management Services LLC now owns 21,095 shares of the investment management company’s stock valued at $341,000 after purchasing an additional 1,250 shares in the last quarter.
BlackRock Taxable Municipal Bond Trust Stock Up 0.1%
Shares of BBN stock traded up $0.01 during trading on Thursday, hitting $15.89. 78,427 shares of the stock traded hands, compared to its average volume of 178,833. The firm’s fifty day moving average price is $15.92 and its 200-day moving average price is $16.06. BlackRock Taxable Municipal Bond Trust has a 52-week low of $15.47 and a 52-week high of $17.45.
BlackRock Taxable Municipal Bond Trust Dividend Announcement
About BlackRock Taxable Municipal Bond Trust
The BlackRock Taxable Municipal Bond Trust (NYSE:BBN) is a closed-end management investment company that seeks to provide current income and preservation of capital through a diversified portfolio of taxable municipal debt securities. Advisement and portfolio management services are provided by BlackRock Advisors, LLC, leveraging the firm’s global credit research and trading capabilities to analyze risk and identify opportunities within the municipal bond sector.
Since its inception in 1989, BBN has invested primarily in investment-grade and non-investment-grade municipal obligations issued by U.S.
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