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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a large increase in short interest in 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 currently 4.8 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

A number of institutional investors have recently bought and sold shares of BMN. HighTower Advisors LLC raised its position in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after acquiring an additional 4,168 shares in the last quarter. Truist Financial Corp purchased a new position in Blackrock 2037 Municipal Target Term Trust in the second quarter valued at approximately $210,000. Westside Investment Management Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth approximately $34,000. Finally, Van ECK Associates Corp lifted its position in shares of 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 worth $880,000 after buying an additional 3,858 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.2 %

Blackrock 2037 Municipal Target Term Trust stock traded down $0.05 during trading on Wednesday, reaching $25.31. The stock had a trading volume of 14,829 shares, compared to its average volume of 19,252. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $23.55 and a 52-week high of $26.14. The business has a 50 day moving average price of $25.45 and a 200 day moving average price of $25.18.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0938 dividend. This represents a $1.13 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.