Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Update

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 48,782 shares, an increase of 19.6% from the December 15th total of 40,797 shares. Based on an average trading volume of 133,152 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 133,152 shares, the days-to-cover ratio is currently 0.4 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT traded down $0.01 on Monday, reaching $22.80. The stock had a trading volume of 75,467 shares, compared to its average volume of 124,133. Blackrock Municipal 2030 Target Term Trust has a fifty-two week low of $20.20 and a fifty-two week high of $22.92. The firm has a 50-day moving average of $22.53 and a 200-day moving average of $22.42.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BTT. Gridiron Partners LLC lifted its stake in shares of 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 worth $42,000 after acquiring an additional 1,793,110 shares during the period. Karpus Management Inc. raised its holdings in Blackrock Municipal 2030 Target Term Trust by 19.1% during the 2nd quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock worth $78,539,000 after purchasing an additional 575,137 shares during the last quarter. Pathstone Holdings LLC raised its holdings 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 purchasing an additional 138,439 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 36.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 510,885 shares of the company’s stock worth $11,474,000 after purchasing an additional 135,584 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 9.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,189,486 shares of the company’s stock valued at $26,038,000 after purchasing an additional 103,140 shares during 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.