Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Update

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

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust in 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 second quarter worth $222,000. HighTower Advisors LLC grew its holdings 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 buying an additional 4,168 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter valued at $493,000. Finally, Van ECK Associates Corp increased 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 valued at $880,000 after acquiring an additional 3,858 shares during the period.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.5 %

Shares of BMN stock opened at $25.59 on Thursday. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.43 and a 12-month high of $26.14. The business’s fifty day simple moving average is $25.26 and its 200-day simple moving average is $25.05.

Blackrock 2037 Municipal Target Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.0938 per share. This represents a $1.13 annualized dividend and a yield of 4.40%. The ex-dividend date was Monday, December 16th.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.