Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Grows By 52.8%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 148,400 shares, a growth of 52.8% from the November 30th total of 97,100 shares. Based on an average trading volume of 266,100 shares, the short-interest ratio is presently 0.6 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of NYSE BBN opened at $15.90 on Monday. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42. The company has a 50 day moving average of $16.59 and a 200 day moving average of $16.95.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairscale Capital LLC purchased a new position in BlackRock Taxable Municipal Bond Trust in the 2nd quarter worth about $31,000. Larson Financial Group LLC raised its holdings in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the third quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 1,480 shares during the last quarter. Eastern Bank purchased a new position in shares of BlackRock Taxable Municipal Bond Trust during the third quarter valued at approximately $53,000. Miracle Mile Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust during the third quarter valued at approximately $178,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $230,000.

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.