Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Large Increase in Short Interest

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 67,100 shares, an increase 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.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.4 %

Shares of NYSE:BMN traded up $0.09 during trading on Friday, reaching $25.54. The stock had a trading volume of 2,014 shares, compared to its average volume of 18,356. The stock has a fifty day simple moving average of $25.45 and a two-hundred day simple moving average of $25.18. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.55 and a 52 week high of $26.14.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at $34,000. Truist Financial Corp acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter valued at about $210,000. HighTower Advisors LLC lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% in the third 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 grew its position in Blackrock 2037 Municipal Target Term Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock worth $880,000 after buying an additional 3,858 shares in the last quarter.

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.