Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Increases By 133.0%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large 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 trading volume, of 14,100 shares, the days-to-cover ratio is presently 4.8 days.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of large investors have recently made changes to their positions in BMN. Van ECK Associates Corp boosted its stake in Blackrock 2037 Municipal Target Term Trust by 12.3% in the third 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 in the last quarter. HighTower Advisors LLC increased its position 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 acquiring an additional 4,168 shares during the period. Truist Financial Corp bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at about $210,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth approximately $34,000.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.7 %

Shares of NYSE BMN traded up $0.17 during trading hours on Friday, hitting $25.62. The company had a trading volume of 1,758 shares, compared to its average volume of 18,338. The firm’s 50 day moving average is $25.45 and its 200-day moving average is $25.18. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.55 and a 1-year high of $26.14.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.