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 increase in short interest in December. As of December 15th, there was short interest totaling 12,082 shares, an increase of 59.5% from the November 30th total of 7,575 shares. Based on an average trading volume of 11,774 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 11,774 shares, the short-interest ratio is currently 1.0 days.

Insider Activity at Blackrock 2037 Municipal Target Term Trust

In related news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of Blackrock 2037 Municipal Target Term Trust stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $24.56, for a total value of $28,587.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of large investors have recently added to or reduced their stakes in BMN. Osaic Holdings Inc. raised its stake in Blackrock 2037 Municipal Target Term Trust by 173.2% during the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after purchasing an additional 3,170 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $289,000. Narwhal Capital Management purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 3rd quarter worth $476,000. Truist Financial Corp boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 13.4% in the second quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock valued at $592,000 after acquiring an additional 2,848 shares during the last quarter. Finally, Jacobi Capital Management LLC purchased a new stake in Blackrock 2037 Municipal Target Term Trust during the first quarter valued at about $659,000.

Blackrock 2037 Municipal Target Term Trust Stock Performance

BMN traded down $0.29 during trading on Tuesday, hitting $25.80. The stock had a trading volume of 12,542 shares, compared to its average volume of 13,129. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.04 and a twelve month high of $26.09. The company’s 50-day moving average price is $25.08 and its 200 day moving average price is $24.83.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.0938 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

About Blackrock 2037 Municipal Target Term Trust

BlackRock 2037 Municipal Target Term Trust (NYSE:BMN) is a closed-end management investment company sponsored by BlackRock, Inc, one of the world’s largest asset managers. The trust was established to provide investors with exposure to a diversified portfolio of U.S. municipal securities and seeks to deliver federally tax-exempt income. As a target-term fund, BMN has a predetermined termination date of January 23, 2037, at which time the trust’s assets will be liquidated and net proceeds distributed to shareholders.

The fund’s investment objective is current income exempt from regular U.S.