Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock Short Interest Falls 60.3%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 6,983 shares, a decrease of 60.3% from the August 31st total of 17,576 shares. Based on an average daily trading volume, of 11,281 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after purchasing an additional 630 shares during the last quarter. Bank of America Corp DE raised its position in shares of Blackrock 2037 Municipal Target Term Trust by 6.1% in the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock valued at $3,179,000 after buying an additional 7,029 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% in the second quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock valued at $931,000 after buying an additional 2,154 shares during the last quarter. DUTCH ASSET Corp lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 30.3% during the first quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after buying an additional 2,689 shares during the period. Finally, BlackRock Inc. purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter valued at approximately $103,000.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock traded down $0.91 during mid-day trading on Monday, hitting $21.93. 76,765 shares of the company were exchanged, compared to its average volume of 9,650. The business’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $25.62. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $21.70 and a 12-month high of $27.96.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.0993 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 5.4%.

Blackrock 2037 Municipal Target Term Trust Company Profile

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company sponsored and managed by BlackRock. The trust invests primarily in municipal obligations issued by U.S. states, territories, municipalities and other public entities.

BMN’s objective is to provide current income that is generally exempt from federal income tax. Its portfolio may include bonds financing public infrastructure and essential services, such as education, transportation, utilities and healthcare.