Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Grows By 390.4%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 97,100 shares, a growth of 390.4% from the November 15th total of 19,800 shares. Based on an average trading volume of 271,500 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock Taxable Municipal Bond Trust Stock Performance

BBN stock traded up $0.03 during midday trading on Wednesday, reaching $17.17. The company’s stock had a trading volume of 128,712 shares, compared to its average volume of 235,381. BlackRock Taxable Municipal Bond Trust has a 1 year low of $15.39 and a 1 year high of $18.42. The stock has a fifty day simple moving average of $16.82 and a two-hundred day simple moving average of $16.92.

BlackRock Taxable Municipal Bond Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On BlackRock Taxable Municipal Bond Trust

Large investors have recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. lifted its stake in BlackRock Taxable Municipal Bond Trust by 4.5% in the third quarter. Integrated Capital Management Inc. now owns 22,597 shares of the investment management company’s stock worth $403,000 after acquiring an additional 983 shares during the period. J.W. Cole Advisors Inc. lifted its position in shares of BlackRock Taxable Municipal Bond Trust by 2.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 55,143 shares of the investment management company’s stock worth $902,000 after purchasing an additional 1,435 shares during the period. Larson Financial Group LLC increased its holdings in 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 buying an additional 1,480 shares during the period. Fairscale Capital LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the second quarter worth approximately $31,000. Finally, Raymond James & Associates raised its stake in BlackRock Taxable Municipal Bond Trust by 0.7% in the third quarter. Raymond James & Associates now owns 354,351 shares of the investment management company’s stock worth $6,315,000 after buying an additional 2,478 shares in the last quarter.

About BlackRock Taxable Municipal Bond Trust

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.