Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 13,000 shares, a growth of 38.3% from the September 15th total of 9,400 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.8 days.
Blackrock 2037 Municipal Target Term Trust Trading Down 0.2 %
Shares of NYSE:BMN traded down $0.06 during midday trading on Friday, reaching $25.14. 5,003 shares of the company’s stock traded hands, compared to its average volume of 19,055. The company has a fifty day simple moving average of $25.09 and a two-hundred day simple moving average of $24.65. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $21.51 and a 1 year high of $26.14.
Blackrock 2037 Municipal Target Term Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0938 dividend. This represents a $1.13 annualized dividend and a yield of 4.47%. The ex-dividend date is Tuesday, October 15th.
Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust
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.
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