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

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

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several large investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth about $34,000. Truist Financial Corp acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter valued at approximately $210,000. HighTower Advisors LLC raised 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 worth $363,000 after purchasing an additional 4,168 shares during the last quarter. Finally, Van ECK Associates Corp lifted 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 worth $880,000 after buying an additional 3,858 shares in the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Performance

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

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given 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.

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.