Blackrock Municipal 2030 Target Term Trust (NYSE:BTT – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 45,573 shares, a growth of 60.3% from the July 15th total of 28,425 shares. Based on an average daily volume of 71,438 shares, the days-to-cover ratio is currently 0.6 days.
Blackrock Municipal 2030 Target Term Trust Trading Down 0.5%
BTT stock traded down $0.12 during mid-day trading on Monday, hitting $22.53. 44,576 shares of the company were exchanged, compared to its average volume of 92,448. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $22.15 and a 12-month high of $23.24. The business has a fifty day simple moving average of $22.64 and a 200-day simple moving average of $22.75.
Blackrock Municipal 2030 Target Term Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0464 dividend. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th.
Insider Transactions at Blackrock Municipal 2030 Target Term Trust
Institutional Trading of Blackrock Municipal 2030 Target Term Trust
Several institutional investors have recently added to or reduced their stakes in BTT. Hennion & Walsh Asset Management Inc. raised its position in Blackrock Municipal 2030 Target Term Trust by 26.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 783,682 shares of the company’s stock valued at $17,829,000 after purchasing an additional 166,122 shares during the period. CoreCap Advisors LLC boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 25.0% during the second quarter. CoreCap Advisors LLC now owns 2,500 shares of the company’s stock worth $57,000 after buying an additional 500 shares during the period. Western Wealth Management LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter valued at $91,000. Everest Financial Group LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the first quarter valued at $279,000. Finally, Petra Financial Advisors Inc. grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 99.5% in the first quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock valued at $1,293,000 after buying an additional 28,415 shares in the last quarter.
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.
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