BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Shares Shorted: Short Interest Down 55.6% in September

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 95,993 shares, a decrease of 55.6% from the September 15th total of 216,294 shares. Based on an average daily trading volume, of 362,123 shares, the short-interest ratio is currently 0.3 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN stock traded up $0.14 during mid-day trading on Thursday, hitting $14.57. 338,204 shares of the stock traded hands, compared to its average volume of 197,968. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.16 and a 52-week high of $17.45. The stock’s fifty day moving average is $15.21 and its two-hundred day moving average is $15.72.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders 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 yield of 8.1%. The ex-dividend date is Friday, December 11th.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Institutional investors have recently bought and sold shares of the business. Integrity Wealth Partners LLC acquired a new position in BlackRock Taxable Municipal Bond Trust in the first quarter valued at approximately $717,000. Eagle Bluffs Wealth Management LLC grew its stake in shares of BlackRock Taxable Municipal Bond Trust by 4.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 2,202,048 shares of the investment management company’s stock worth $35,607,000 after purchasing an additional 89,793 shares during the period. Focused Wealth Management Inc increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 4.6% during the 1st quarter. Focused Wealth Management Inc now owns 812,411 shares of the investment management company’s stock valued at $13,137,000 after purchasing an additional 35,989 shares in the last quarter. Rareview Capital LLC purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the 1st quarter valued at approximately $1,238,000. Finally, Rivernorth Capital Management LLC acquired a new position in shares of BlackRock Taxable Municipal Bond Trust in the 1st quarter valued at $3,778,000.

About BlackRock Taxable Municipal Bond Trust

BlackRock Taxable Municipal Bond Trust (NYSE: BBN) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income by investing primarily in long-term municipal obligations issued by U.S. states, territories, and local governments, as well as related public entities.

Unlike traditional municipal bond funds that generally emphasize federally tax-exempt income, BBN focuses on taxable municipal securities. Its portfolio may include bonds that finance public infrastructure and essential services, such as transportation, education, utilities, health care, and housing.