Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Update

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 16,800 shares, a drop of 46.5% from the January 31st total of 31,400 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Several hedge funds and other institutional investors have recently modified their holdings of BMN. Bank of America Corp DE grew its position in Blackrock 2037 Municipal Target Term Trust by 0.7% during the 4th quarter. Bank of America Corp DE now owns 132,694 shares of the company’s stock worth $3,396,000 after purchasing an additional 987 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth $34,000. Truist Financial Corp grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 10.1% during 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 last quarter. Van ECK Associates Corp grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% during the third quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after buying an additional 3,858 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of 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 valued at $363,000 after acquiring an additional 4,168 shares during the period.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.3 %

BMN stock traded up $0.08 on Friday, hitting $25.64. 6,820 shares of the company’s stock were exchanged, compared to its average volume of 15,895. The firm has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $25.28. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.68 and a 12-month high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0938 per share. The ex-dividend date is Friday, February 14th. This represents a $1.13 annualized dividend and a dividend yield of 4.39%.

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.