Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Large Decrease in Short Interest

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 16,800 shares, a decline of 46.5% from the January 31st total of 31,400 shares. Based on an average trading 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

Institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at $34,000. HighTower Advisors LLC lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% during the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after purchasing an additional 4,168 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 10.1% during the 4th quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock worth $548,000 after purchasing an additional 1,958 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $818,000. Finally, Van ECK Associates Corp grew its stake in Blackrock 2037 Municipal Target Term Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after purchasing an additional 3,858 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.3 %

Blackrock 2037 Municipal Target Term Trust stock traded up $0.08 during midday trading 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 of $25.47 and a two-hundred day moving average 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0938 per share. The ex-dividend date is Friday, February 14th. This represents a $1.13 dividend on an annualized basis 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.