Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Shares Shorted: Short Interest Down 60.3% in September

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,983 shares, a decrease of 60.3% from the August 31st total of 17,576 shares. Based on an average daily volume of 11,281 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at about $2,962,000. Van ECK Associates Corp lifted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after acquiring an additional 2,154 shares during the period. BlackRock Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter worth approximately $103,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Blackrock 2037 Municipal Target Term Trust by 0.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after acquiring an additional 630 shares during the last quarter. Finally, DUTCH ASSET Corp grew its holdings in Blackrock 2037 Municipal Target Term Trust by 30.3% in the first quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after purchasing an additional 2,689 shares during the period.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of BMN stock traded down $0.91 during mid-day trading on Monday, hitting $21.93. 76,765 shares of the company’s stock were exchanged, compared to its average volume of 9,650. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $21.70 and a fifty-two week high of $27.96. The stock has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $25.62.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0993 per share. The ex-dividend date is Friday, December 11th. This represents a $1.19 annualized dividend and a yield of 5.4%.

Blackrock 2037 Municipal Target Term Trust Company Profile

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company sponsored and managed by BlackRock. The trust invests primarily in municipal obligations issued by U.S. states, territories, municipalities and other public entities.

BMN’s objective is to provide current income that is generally exempt from federal income tax. Its portfolio may include bonds financing public infrastructure and essential services, such as education, transportation, utilities and healthcare.