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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a significant growth in short interest in 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 trading volume of 14,100 shares, the days-to-cover ratio is presently 4.8 days.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of NYSE BMN traded down $0.05 during trading on Wednesday, hitting $25.31. 14,829 shares of the company were exchanged, compared to its average volume of 19,252. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.55 and a 1 year high of $26.14. The firm’s fifty day moving average price is $25.45 and its 200 day moving average price is $25.18.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.13 annualized dividend and a yield of 4.45%.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. acquired a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $34,000. Truist Financial Corp acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth approximately $210,000. HighTower Advisors LLC lifted 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 in the last quarter. Finally, Van ECK Associates Corp grew its holdings in 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 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.