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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a significant increase in short interest during the month of 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 days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 6.1% in the 1st quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock valued at $3,179,000 after purchasing an additional 7,029 shares in the last quarter. DUTCH ASSET Corp raised its position in Blackrock 2037 Municipal Target Term Trust by 30.3% in the 1st quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock worth $300,000 after purchasing an additional 2,689 shares during the period. Invesco Ltd. raised its position in Blackrock 2037 Municipal Target Term Trust by 4.6% in the 4th quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock worth $478,000 after purchasing an additional 802 shares during the period. Royal Bank of Canada boosted its position in Blackrock 2037 Municipal Target Term Trust by 70.7% during the fourth quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock valued at $835,000 after buying an additional 13,212 shares during the period. Finally, Van ECK Associates Corp boosted its position in Blackrock 2037 Municipal Target Term Trust by 24.5% during the fourth quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock valued at $902,000 after buying an additional 6,782 shares during the period.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.3%

BMN stock traded up $0.07 during mid-day trading on Monday, hitting $25.69. 11,848 shares of the stock were exchanged, compared to its average volume of 9,286. The business has a fifty day moving average price of $25.80 and a 200 day moving average price of $26.13. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.96 and a 12 month high of $27.96.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0938 dividend. The ex-dividend date is Tuesday, September 15th. 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.