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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a large increase in short interest in the month of 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 daily trading volume, of 12,900 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds 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 during the 2nd quarter valued at about $210,000. Dorsey & Whitney Trust CO LLC purchased a new position in Blackrock 2037 Municipal Target Term Trust during the second quarter valued at approximately $222,000. HighTower Advisors LLC raised its position in 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 in the last quarter. Commonwealth Equity Services LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust in the second quarter valued at approximately $493,000. Finally, Van ECK Associates Corp boosted its position in 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 in the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of NYSE BMN opened at $25.59 on Thursday. The company has a 50 day simple moving average of $25.26 and a two-hundred day simple moving average of $25.05. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.43 and a 12 month high of $26.14.

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. The ex-dividend date was Monday, December 16th. This represents a $1.13 dividend on an annualized basis and a yield of 4.40%.

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.