BTT Stock Summary and Trading Ideas (Blackrock Muni 2030 Target Term Trust | NYSE:BTT)

BlackRock Municipal Target Term Trust’s (BTT) (the “Trust”) investment objectives are to provide current income exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share (the initial offering price per share) to holders of common shares on or about December 31, 2030. The Trust seeks to achieve its investment objectives by investing at least 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Trust invests at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment. The Trust actively manages the maturity of its bonds to seek to have a dollar weighted average effective maturity approximately equal to the Trust’s maturity date. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muni 2030 Target Term Trust trades on the NYSE stock market under the symbol BTT.

As of April 18, 2024, BTT stock price declined to $20.41 with 172,687 million shares trading.

BTT has a beta of 0.45, meaning it tends to be less sensitive to market movements. BTT has a correlation of 0.36 to the broad based SPY ETF.

BTT has a market cap of $1.37 billion. This is considered a Small Cap stock.

In the last 3 years, BTT stock traded as high as $27.08 and as low as $18.93.

BTT has underperformed the market in the last year with a return of -1.7%, while the SPY ETF gained +22.3%. In the last 3 month period, BTT fell short of the market, returning -1.2%, while SPY returned +6.1%. However, in the most recent 2 weeks BTT has outperformed the stock market by returning -1.7%, while SPY returned -3.8%.

BTT support price is $20.38 and resistance is $20.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTT stock will trade within this expected range on the day.