Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Sees Large Increase in Short Interest

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 23,029 shares, a growth of 92.8% from the January 15th total of 11,944 shares. Based on an average daily trading volume, of 71,574 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 71,574 shares, the days-to-cover ratio is presently 0.3 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

NYSE:BTT opened at $22.79 on Friday. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $20.20 and a 1 year high of $23.03. The stock has a 50-day simple moving average of $22.64 and a 200-day simple moving average of $22.51.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0464 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gridiron Partners LLC boosted its stake in Blackrock Municipal 2030 Target Term Trust by 2,363.9% in the third quarter. Gridiron Partners LLC now owns 1,868,965 shares of the company’s stock valued at $42,000 after acquiring an additional 1,793,110 shares in the last quarter. Karpus Management Inc. boosted its position in shares of Blackrock Municipal 2030 Target Term Trust by 19.1% in the 2nd quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock valued at $78,539,000 after purchasing an additional 575,137 shares during the period. Tortoise Investment Management LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 11.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after buying an additional 138,536 shares during the last quarter. Pathstone Holdings LLC grew its stake in Blackrock Municipal 2030 Target Term Trust by 6.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock worth $50,806,000 after buying an additional 138,439 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Blackrock Municipal 2030 Target Term Trust by 36.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 510,885 shares of the company’s stock worth $11,474,000 after buying an additional 135,584 shares during the period.

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.