Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Grows By 73.1%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 40,500 shares, an increase of 73.1% from the May 31st total of 23,400 shares. Based on an average daily trading volume, of 195,800 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Eagle Bluffs Wealth Management LLC boosted its holdings in BlackRock Taxable Municipal Bond Trust by 1.0% in the first quarter. Eagle Bluffs Wealth Management LLC now owns 1,265,814 shares of the investment management company’s stock valued at $20,683,000 after acquiring an additional 12,221 shares during the last quarter. UBS Group AG grew its holdings in BlackRock Taxable Municipal Bond Trust by 7.2% in the 4th quarter. UBS Group AG now owns 1,033,198 shares of the investment management company’s stock valued at $16,800,000 after buying an additional 69,403 shares in the last quarter. M&T Bank Corp lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 1.7% during the 4th quarter. M&T Bank Corp now owns 847,874 shares of the investment management company’s stock valued at $13,786,000 after acquiring an additional 14,014 shares during the period. Invesco Ltd. lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 38.8% during the 3rd quarter. Invesco Ltd. now owns 695,228 shares of the investment management company’s stock worth $10,540,000 after buying an additional 194,389 shares during the last quarter. Finally, Focused Wealth Management Inc increased its holdings in BlackRock Taxable Municipal Bond Trust by 7.3% in the 1st quarter. Focused Wealth Management Inc now owns 535,410 shares of the investment management company’s stock worth $8,749,000 after purchasing an additional 36,284 shares in the last quarter.

BlackRock Taxable Municipal Bond Trust Trading Up 0.1 %

NYSE BBN traded up $0.02 during mid-day trading on Friday, hitting $16.35. The company’s stock had a trading volume of 218,910 shares, compared to its average volume of 208,986. The stock’s fifty day simple moving average is $15.86 and its two-hundred day simple moving average is $16.22. BlackRock Taxable Municipal Bond Trust has a 52-week low of $14.33 and a 52-week high of $17.13.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.093 dividend. This represents a $1.12 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend was Friday, June 14th.

BlackRock Taxable Municipal Bond Trust Company Profile

BlackRock Taxable Municipal Bond Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in taxable municipal securities, which include Build America Bonds.