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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 22,400 shares, an increase of 45.5% from the February 28th total of 15,400 shares. Based on an average trading volume of 13,300 shares, the short-interest ratio is presently 1.7 days.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock traded up $0.08 during mid-day trading on Monday, reaching $25.23. The company’s stock had a trading volume of 3,252 shares, compared to its average volume of 14,426. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.68 and a twelve month high of $26.14. The business has a 50 day moving average price of $25.37 and a 200-day moving average price of $25.31.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0938 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of 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 period. Raymond James Financial Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth $818,000. Noble Wealth Management PBC bought a new stake in Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at $1,586,000. Truist Financial Corp boosted 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 acquiring an additional 1,958 shares during the period. Finally, Westside Investment Management Inc. bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $34,000.

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.