Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 62.7% in October

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 12,200 shares, a growth of 62.7% from the October 15th total of 7,500 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Blackrock 2037 Municipal Target Term Trust by 52.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock valued at $413,000 after purchasing an additional 5,730 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 2nd quarter valued at $493,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 2nd quarter worth $222,000. Truist Financial Corp bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter worth $210,000. Finally, Van ECK Associates Corp grew its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% in the third 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 during the period.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.1 %

Shares of NYSE:BMN opened at $25.15 on Friday. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.35 and a 1 year high of $26.14. The stock’s fifty day moving average price is $25.12 and its 200-day moving average price is $24.82.

Blackrock 2037 Municipal Target Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.094 per share. The ex-dividend date is Friday, November 15th. This represents a $1.13 annualized dividend and a yield of 4.49%. This is a boost from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.