Short Interest in BlackRock Taxable Municipal Bond Trust (NYSE:BBN) Declines By 21.0%

BlackRock Taxable Municipal Bond Trust (NYSE:BBN) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 117,200 shares, a decrease of 21.0% from the December 15th total of 148,400 shares. Based on an average daily volume of 258,300 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Taxable Municipal Bond Trust

A number of large investors have recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of BlackRock Taxable Municipal Bond Trust in the second quarter worth $31,000. Larson Financial Group LLC boosted its stake in shares of BlackRock Taxable Municipal Bond Trust by 246.7% during the 3rd quarter. Larson Financial Group LLC now owns 2,080 shares of the investment management company’s stock worth $37,000 after buying an additional 1,480 shares during the last quarter. Eastern Bank bought a new position in shares of BlackRock Taxable Municipal Bond Trust in the 3rd quarter valued at about $53,000. Miracle Mile Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at approximately $178,000. Finally, Sanctuary Advisors LLC bought a new position in BlackRock Taxable Municipal Bond Trust in the third quarter valued at approximately $239,000.

BlackRock Taxable Municipal Bond Trust Stock Performance

Shares of BBN traded up $0.02 during midday trading on Thursday, hitting $16.20. The stock had a trading volume of 145,446 shares, compared to its average volume of 150,215. The company has a 50 day simple moving average of $16.43 and a two-hundred day simple moving average of $16.95. BlackRock Taxable Municipal Bond Trust has a twelve month low of $15.39 and a twelve month high of $18.42.

BlackRock Taxable Municipal Bond Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0929 dividend. This represents a $1.11 annualized dividend and a yield of 6.88%. The ex-dividend date is Wednesday, January 15th.

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.