BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 102,966 shares, a growth of 55.9% from the July 15th total of 66,063 shares. Based on an average daily volume of 96,873 shares, the short-interest ratio is currently 1.1 days.
Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust
A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its holdings in BlackRock Taxable Municipal Bond Trust by 3.2% in the fourth 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 boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 2.0% in the 1st quarter. Addison Capital Co now owns 35,836 shares of the investment management company’s stock valued at $579,000 after purchasing an additional 693 shares during the last quarter. Delta Financial Advisors LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.6% in the 4th quarter. Delta Financial Advisors LLC now owns 16,980 shares of the investment management company’s stock valued at $277,000 after purchasing an additional 750 shares during the last quarter. Oder Investment Management LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 3.2% during the first quarter. Oder Investment Management LLC now owns 35,152 shares of the investment management company’s stock worth $568,000 after buying an additional 1,097 shares during the period. Finally, Comprehensive Money Management Services LLC increased its position in shares of BlackRock Taxable Municipal Bond Trust by 6.3% during the first quarter. Comprehensive Money Management Services LLC now owns 21,095 shares of the investment management company’s stock worth $341,000 after buying an additional 1,250 shares during the period.
BlackRock Taxable Municipal Bond Trust Stock Up 0.9%
Shares of NYSE:BBN opened at $15.87 on Thursday. BlackRock Taxable Municipal Bond Trust has a 12-month low of $15.47 and a 12-month high of $17.45. The business has a fifty day simple moving average of $15.94 and a 200 day simple moving average of $16.08.
BlackRock Taxable Municipal Bond Trust Announces Dividend
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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