BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Sees Significant Growth in Short Interest

BlackRock Taxable Municipal Bond Trust (NYSE:BBN – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 223,738 shares, a growth of 133.1% from the September 30th total of 95,993 shares. Based on an average daily volume of 349,302 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBN. Integrity Wealth Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust during the 1st quarter worth $717,000. Eagle Bluffs Wealth Management LLC lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock valued at $35,607,000 after acquiring an additional 89,793 shares during the period. Rareview Capital LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the first quarter valued at about $1,238,000. Rivernorth Capital Management LLC acquired a new stake in BlackRock Taxable Municipal Bond Trust in the first quarter worth about $3,778,000. Finally, Petra Financial Advisors Inc. bought a new stake in BlackRock Taxable Municipal Bond Trust during the 1st quarter worth about $1,154,000.

BlackRock Taxable Municipal Bond Trust Trading Up 0.2%

BlackRock Taxable Municipal Bond Trust stock traded up $0.04 during trading hours on Friday, hitting $14.87. The stock had a trading volume of 161,324 shares, compared to its average volume of 205,584. The company has a 50-day moving average of $14.94 and a two-hundred day moving average of $15.81. BlackRock Taxable Municipal Bond Trust has a fifty-two week low of $14.16 and a fifty-two week high of $17.45.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0986 per share. This represents a $1.18 annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Taxable Municipal Bond Trust Company Profile

(Get Free Report)

BlackRock Taxable Municipal Bond Trust (NYSE: BBN) is a closed-end investment fund managed by BlackRock Advisors, LLC. The trust seeks to provide current income by investing primarily in taxable municipal bonds and other municipal obligations issued by states, cities, counties, and related governmental entities in the United States.

The fund’s portfolio may include Build America Bonds and other taxable municipal securities that finance public infrastructure and services, such as transportation, education, utilities, and healthcare facilities.

Further Reading

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