Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Significant Growth in Short Interest

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 67,100 shares, a growth of 133.0% from the December 31st total of 28,800 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is presently 4.8 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth about $34,000. Truist Financial Corp purchased a new position in Blackrock 2037 Municipal Target Term Trust during the second quarter valued at approximately $210,000. HighTower Advisors LLC increased its stake in Blackrock 2037 Municipal Target Term Trust by 41.7% in the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock valued at $363,000 after buying an additional 4,168 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after buying an additional 3,858 shares during the period.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.4 %

BMN traded up $0.09 during trading hours on Friday, hitting $25.54. The company’s stock had a trading volume of 2,014 shares, compared to its average volume of 18,356. The company has a 50-day simple moving average of $25.45 and a 200 day simple moving average of $25.18. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.55 and a fifty-two week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0938 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.13 annualized dividend and a dividend yield of 4.40%.

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.