Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 38.3% in September

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 13,000 shares, an increase of 38.3% from the September 15th total of 9,400 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several institutional investors have recently bought and sold shares of BMN. Truist Financial Corp acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter worth about $210,000. Nomura Holdings Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $214,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter worth approximately $222,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 52.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock valued at $413,000 after acquiring an additional 5,730 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter valued at approximately $493,000.

Blackrock 2037 Municipal Target Term Trust Trading Down 0.2 %

Shares of BMN stock opened at $25.08 on Tuesday. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $21.51 and a 12 month high of $26.14. The stock has a 50 day moving average of $25.10 and a two-hundred day moving average of $24.66.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0938 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.13 annualized dividend and a dividend yield of 4.49%.

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.