Short-term interest in Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) drops 37.4%

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Blackrock Municipal 2030 Target Term Trust (NYSE: BTT – Get Rating) saw a significant decline in short-term interest in the month of April. As of April 15, there was short interest totaling 16,900 shares, down 37.4% from the March 31 total of 27,000 shares. Based on an average daily volume of 122,400 shares, the short interest rate is currently 0.1 day.

BTT lost $0.09 during Friday’s trading, hitting $22.21. The company’s shares had a trading volume of 122,997 shares, compared to an average volume of 120,363. Blackrock Municipal 2030 Target Term Trust has a 12-month low of $22.12 and a 12-month high of 27.08 $. The company’s 50-day simple moving average is $23.69 and its 200-day simple moving average is $24.80.

The company also recently declared a monthly dividend, which will be paid on Monday, May 2. Shareholders of record on Thursday, April 14 will receive a dividend of $0.062. This represents a dividend of $0.74 on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Wednesday, April 13.

Major investors have recently changed their stake in the company. Key Financial Inc acquired a new equity stake in Blackrock Municipal 2030 Target Term Trust in the first quarter worth approximately $28,000. Ibex Wealth Advisors acquired a new equity stake in Blackrock Municipal 2030 Target Term Trust in the third quarter worth approximately $41,000. Laurel Wealth Planning LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 100.0% in the fourth quarter. Laurel Wealth Planning LLC now owns 3,200 shares of the company worth $82,000 after acquiring an additional 1,600 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of Blackrock Municipal 2030 Target Term Trust in the fourth quarter for a value of approximately $117,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Blackrock Municipal 2030 Target Term Trust by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 6,000 shares of the company worth $156,000 after acquiring 2,000 additional shares in the last quarter.

Blackrock Municipal 2030 Target Term Trust Company Profile (Get an assessment)

Blackrock Municipal 2030 Target Term Trust is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in bond markets. The fund invests primarily in high quality municipal bonds that are exempt from ordinary federal income tax.

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