Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Significant Increase in Short Interest

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 23,006 shares, an increase of 90.4% from the December 15th total of 12,082 shares. Based on an average daily trading volume, of 13,518 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 13,518 shares, the days-to-cover ratio is presently 1.7 days.

Insider Transactions at Blackrock 2037 Municipal Target Term Trust

In other news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $24.56, for a total value of $28,587.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp boosted its stake in Blackrock 2037 Municipal Target Term Trust by 13.4% in the second quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock valued at $592,000 after acquiring an additional 2,848 shares during the last quarter. Osaic Holdings Inc. increased its position in Blackrock 2037 Municipal Target Term Trust by 173.2% in the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after buying an additional 3,170 shares during the last quarter. Narwhal Capital Management bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter valued at $476,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $289,000. Finally, Van ECK Associates Corp grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the 3rd quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after acquiring an additional 2,218 shares during the period.

Blackrock 2037 Municipal Target Term Trust Stock Performance

NYSE BMN remained flat at $26.39 on Friday. 6,963 shares of the company’s stock traded hands, compared to its average volume of 8,633. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.04 and a 1 year high of $26.47. The stock’s fifty day simple moving average is $25.42 and its 200-day simple moving average is $24.95.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0938 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, March 13th.

Blackrock 2037 Municipal Target Term Trust Company Profile

BlackRock 2037 Municipal Target Term Trust (NYSE:BMN) is a closed-end management investment company sponsored by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.

The fund’s investment objective is current income exempt from regular U.S.