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 the month of October. As of October 31st, there was short interest totalling 12,200 shares, an increase of 62.7% from the October 15th total of 7,500 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 0.9 days.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.1 %

Shares of BMN opened at $25.15 on Friday. The stock has a fifty day moving average price of $25.12 and a 200-day moving average price of $24.82. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.35 and a 12 month high of $26.14.

Blackrock 2037 Municipal Target Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.094 per share. This is an increase from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09. This represents a $1.13 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew 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 valued at $880,000 after acquiring an additional 3,858 shares during the period. HighTower Advisors LLC grew 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 valued at $363,000 after acquiring an additional 4,168 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Blackrock 2037 Municipal Target Term Trust by 52.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock valued at $413,000 after acquiring an additional 5,730 shares during the period. Truist Financial Corp acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at about $210,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at about $222,000.

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.