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 decline in short interest in the month of September. As of September 15th, there was short interest totaling 6,983 shares, a decline of 60.3% from the August 31st total of 17,576 shares. Based on an average daily trading volume, of 11,281 shares, the short-interest ratio is currently 0.6 days.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of BMN traded down $0.02 during trading hours on Tuesday, reaching $21.96. The stock had a trading volume of 37,477 shares, compared to its average volume of 9,799. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $21.70 and a 52 week high of $27.96. The firm has a 50-day moving average of $24.91 and a 200 day moving average of $25.54.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

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

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Several institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its stake in Blackrock 2037 Municipal Target Term Trust by 0.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock worth $3,394,000 after purchasing an additional 630 shares during the period. Van ECK Associates Corp grew its stake 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 in the last quarter. DUTCH ASSET Corp grew its position 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 in the last quarter. BlackRock Inc. acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter valued at $103,000. Finally, Bank of America Corp DE increased its stake in 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 buying an additional 7,029 shares during the last quarter.

About Blackrock 2037 Municipal Target Term Trust

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.