Blackrock 2037 Municipal Target Term Trust (NYSE:BMN – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 14,400 shares, an increase of 14.3% from the June 30th total of 12,600 shares. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is presently 0.8 days.
Blackrock 2037 Municipal Target Term Trust Trading Down 0.6 %
Blackrock 2037 Municipal Target Term Trust stock traded down $0.14 during mid-day trading on Monday, hitting $24.76. The company’s stock had a trading volume of 20,107 shares, compared to its average volume of 20,486. The stock’s 50 day moving average is $24.55. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $21.51 and a 52-week high of $25.10.
Blackrock 2037 Municipal Target Term Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.0938 dividend. This represents a $1.13 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Monday, July 15th.
Institutional Investors 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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