Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Significant Drop in Short Interest

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 16,800 shares, a decrease of 46.5% from the January 31st total of 31,400 shares. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is currently 1.2 days.

Blackrock 2037 Municipal Target Term Trust Stock Performance

BMN opened at $25.64 on Friday. The company’s fifty day moving average price is $25.47 and its two-hundred day moving average price is $25.27. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.68 and a 1-year high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.0938 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.13 annualized dividend and a dividend yield of 4.39%.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors have recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth $34,000. HighTower Advisors LLC grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 41.7% in the 3rd quarter. HighTower Advisors LLC now owns 14,168 shares of the company’s stock worth $363,000 after acquiring an additional 4,168 shares in the last quarter. Truist Financial Corp grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 10.1% in the 4th quarter. Truist Financial Corp now owns 21,420 shares of the company’s stock worth $548,000 after acquiring an additional 1,958 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth $818,000. Finally, Van ECK Associates Corp grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock worth $880,000 after acquiring an additional 3,858 shares in the last quarter.

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.