Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Grows By 45.5%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 22,400 shares, a growth of 45.5% from the February 28th total of 15,400 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

A number of institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth about $34,000. HighTower Advisors LLC increased its holdings in Blackrock 2037 Municipal Target Term Trust by 41.7% in the third quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after purchasing an additional 4,168 shares in the last quarter. Truist Financial Corp lifted its stake in Blackrock 2037 Municipal Target Term Trust by 10.1% in the fourth quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock valued at $548,000 after buying an additional 1,958 shares during the period. Raymond James Financial Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $818,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $1,586,000.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.8 %

Blackrock 2037 Municipal Target Term Trust stock traded down $0.21 during mid-day trading on Tuesday, hitting $25.14. 45,057 shares of the stock were exchanged, compared to its average volume of 14,548. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.68 and a 12 month high of $26.14. The firm’s fifty day simple moving average is $25.36 and its two-hundred day simple moving average is $25.31.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, March 14th.

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.