BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Short Interest Up 217.8% in August

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 327,206 shares, a growth of 217.8% from the July 30th total of 102,966 shares. Based on an average daily volume of 133,986 shares, the short-interest ratio is currently 2.4 days.

BlackRock Taxable Municipal Bond Trust Stock Up 0.1%

BlackRock Taxable Municipal Bond Trust stock traded up $0.01 during mid-day trading on Thursday, reaching $15.89. 78,427 shares of the company were exchanged, compared to its average volume of 178,833. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.47 and a twelve month high of $17.45. The firm’s 50-day simple moving average is $15.92 and its two-hundred day simple moving average is $16.06.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0986 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Taxable Municipal Bond Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its position in shares of BlackRock Taxable Municipal Bond Trust by 594.6% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,622,646 shares of the investment management company’s stock worth $26,238,000 after purchasing an additional 1,389,024 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of BlackRock Taxable Municipal Bond Trust by 58.6% in the 3rd quarter. Bank of America Corp DE now owns 1,048,712 shares of the investment management company’s stock valued at $17,409,000 after purchasing an additional 387,300 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of BlackRock Taxable Municipal Bond Trust by 5.9% in the fourth quarter. Sit Investment Associates Inc. now owns 6,694,566 shares of the investment management company’s stock valued at $109,255,000 after purchasing an additional 372,131 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth about $3,736,000. Finally, Focus Partners Wealth purchased a new stake in BlackRock Taxable Municipal Bond Trust during the fourth quarter worth about $2,899,000.

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.