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 July. As of July 31st, there was short interest totaling 45,573 shares, an increase of 60.3% from the July 15th total of 28,425 shares. Based on an average daily trading volume, of 71,438 shares, the days-to-cover ratio is currently 0.6 days.

Blackrock Municipal 2030 Target Term Trust Stock Down 0.5%

Shares of Blackrock Municipal 2030 Target Term Trust stock traded down $0.12 during trading hours on Monday, reaching $22.53. 44,576 shares of the company were exchanged, compared to its average volume of 92,448. Blackrock Municipal 2030 Target Term Trust has a 1 year low of $22.15 and a 1 year high of $23.24. The stock’s fifty day moving average is $22.64 and its 200 day moving average is $22.75.

Blackrock Municipal 2030 Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0464 per share. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Insider Buying and Selling

In other Blackrock Municipal 2030 Target Term Trust news, Portfolio Manager Phillip Soccio sold 1,800 shares of the firm’s stock in a transaction that occurred on Saturday, August 1st. The shares were sold at an average price of $22.48, for a total value of $40,464.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Blackrock Municipal 2030 Target Term Trust

Several large investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC grew its holdings 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 acquiring an additional 138,536 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the 4th quarter valued at $568,000. Integrity Wealth Partners LLC purchased a new stake in shares of Blackrock Municipal 2030 Target Term Trust during the 1st quarter worth $565,000. Petra Financial Advisors Inc. lifted its position in shares of Blackrock Municipal 2030 Target Term Trust by 99.5% during the 1st quarter. Petra Financial Advisors Inc. now owns 56,975 shares of the company’s stock worth $1,293,000 after purchasing an additional 28,415 shares during the last quarter. Finally, Sentinel Trust Co. LBA grew its stake in shares of Blackrock Municipal 2030 Target Term Trust by 37.3% during the first quarter. Sentinel Trust Co. LBA now owns 836,734 shares of the company’s stock worth $18,994,000 after purchasing an additional 227,104 shares in 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.