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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 9,159 shares, an increase of 145.4% from the May 31st total of 3,732 shares. Based on an average trading volume of 7,043 shares, the short-interest ratio is currently 1.3 days.

Blackrock 2037 Municipal Target Term Trust Stock Performance

BMN traded up $0.01 during midday trading on Tuesday, reaching $25.70. 4,995 shares of the company were exchanged, compared to its average volume of 9,261. Blackrock 2037 Municipal Target Term Trust has a one year low of $23.96 and a one year high of $27.96. The company’s fifty day moving average price is $25.77 and its 200 day moving average price is $26.13.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0938 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. bought a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at about $1,844,000. Osaic Holdings Inc. increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd 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 last quarter. Raymond James Financial Inc. raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock worth $825,000 after purchasing an additional 1,746 shares during the period. Royal Bank of Canada raised its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 70.7% in the 4th quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock worth $835,000 after purchasing an additional 13,212 shares during the period. Finally, UBS Group AG lifted its stake in Blackrock 2037 Municipal Target Term Trust by 11.7% in the third quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after purchasing an additional 8,216 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.