Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) Short Interest Update

On January 31, 2025, the Blackrock Municipal 2030 Target Term Trust (NYSE:BTT) saw a notable decrease in short interest. The total short interest dropped to 17,000 shares, reflecting a 5.0% reduction compared to the previous total of 17,900 shares as of January 15. Given the average daily trading volume of 192,900 shares, the current days-to-cover ratio stands at just 0.1 days.

Institutional Investors Update

In recent months, several institutional investors have made changes to their positions in Blackrock Municipal 2030 Target Term Trust. Ackerman Capital Advisors LLC increased its holdings by 2.4% in the fourth quarter, now owning 24,243 shares valued at $499,000 after adding 564 shares. NewEdge Advisors LLC also raised its stake by 5.6%, bringing its total to 10,764 shares worth $222,000 after acquiring an additional 573 shares. Other notable investors include Bessemer Group Inc., which increased its stake by 11.3%, Andrew Hill Investment Advisors Inc. with a 5.2% increase, and Spire Wealth Management, which purchased a new stake valued at around $29,000 during the same quarter.

Recent Trading Activity

As of Wednesday, shares of the Blackrock Municipal 2030 Target Term Trust opened at $21.28. The trust has experienced a 12-month low of $20.22 and a high of $21.83 over the same period. Currently, the fifty-day moving average price is $20.87, while the two-hundred-day moving average stands at $21.19.

Dividend Announcement

The company has recently declared a monthly dividend, set to be disbursed on March 3, 2025. Stockholders on record as of February 14 will receive a dividend of $0.0464 per share. This dividend represents an annualized total of $0.56, resulting in a yield of approximately 2.62%.

About the Trust

Blackrock Municipal 2030 Target Term Trust is a closed-end fixed income mutual fund initiated by BlackRock, Inc. Managed by BlackRock Advisors, LLC, the fund primarily invests in investment-grade municipal bonds, which are typically exempt from federal income tax.

Blackrock, Trust, BTT