Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Rises By 9.9%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 28,800 shares, a growth of 9.9% from the November 30th total of 26,200 shares. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is presently 2.2 days.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.5 %

Shares of BMN traded up $0.13 during midday trading on Wednesday, hitting $25.59. 30,504 shares of the company traded hands, compared to its average volume of 17,673. The stock has a 50-day moving average of $25.25 and a 200-day moving average of $25.04. Blackrock 2037 Municipal Target Term Trust has a one year low of $23.43 and a one year high of $26.14.

Blackrock 2037 Municipal Target Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.0938 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.40%.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several institutional investors have recently added to or reduced their stakes in BMN. HighTower Advisors LLC raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock valued at $363,000 after acquiring an additional 4,168 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock worth $880,000 after purchasing an additional 3,858 shares during the period. Truist Financial Corp bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at approximately $210,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at approximately $222,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter valued at approximately $493,000.

About Blackrock 2037 Municipal Target Term Trust

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.