Short Interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Increases By 92.8%

Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 23,029 shares, an increase of 92.8% from the January 15th total of 11,944 shares. Based on an average daily trading volume, of 71,574 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 71,574 shares, the short-interest ratio is presently 0.3 days.

Blackrock Municipal 2030 Target Term Trust Price Performance

BTT stock opened at $22.80 on Friday. Blackrock Municipal 2030 Target Term Trust has a one year low of $20.20 and a one year high of $23.03. The company’s 50 day moving average price is $22.65 and its two-hundred day moving average price is $22.52.

Blackrock Municipal 2030 Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders 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 yield of 2.4%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Karpus Management Inc. lifted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 19.1% in the 2nd quarter. Karpus Management Inc. now owns 3,587,879 shares of the company’s stock valued at $78,539,000 after acquiring an additional 575,137 shares during the last quarter. Pathstone Holdings LLC lifted its position in Blackrock Municipal 2030 Target Term Trust by 6.5% in the third quarter. Pathstone Holdings LLC now owns 2,262,070 shares of the company’s stock valued at $50,806,000 after purchasing an additional 138,439 shares during the last quarter. Gridiron Partners LLC lifted its position in 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 valued at $42,000 after purchasing an additional 1,793,110 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Blackrock Municipal 2030 Target Term Trust by 5.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,560,360 shares of the company’s stock valued at $35,607,000 after purchasing an additional 75,073 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in shares of Blackrock Municipal 2030 Target Term Trust by 11.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,361,137 shares of the company’s stock worth $31,061,000 after purchasing an additional 138,536 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.