Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Down 45.3% in April

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 10,476 shares, a drop of 45.3% from the April 15th total of 19,163 shares. Based on an average daily trading volume, of 13,255 shares, the days-to-cover ratio is presently 0.8 days.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.7%

Blackrock 2037 Municipal Target Term Trust stock traded down $0.18 during midday trading on Friday, reaching $25.55. The stock had a trading volume of 8,519 shares, compared to its average volume of 9,595. The firm’s fifty day simple moving average is $26.17 and its 200-day simple moving average is $25.92. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.81 and a 1-year high of $27.96.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0938 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Narwhal Capital Management raised its position in Blackrock 2037 Municipal Target Term Trust by 2.1% during the fourth quarter. Narwhal Capital Management now owns 19,392 shares of the company’s stock worth $508,000 after acquiring an additional 405 shares in the last quarter. Invesco Ltd. grew its position in shares of 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 valued at $478,000 after acquiring an additional 802 shares during the period. Raymond James Financial Inc. grew its position in shares of Blackrock 2037 Municipal Target Term Trust by 5.6% in the 3rd quarter. Raymond James Financial Inc. now owns 32,904 shares of the company’s stock valued at $825,000 after acquiring an additional 1,746 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 17.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,546 shares of the company’s stock worth $355,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Blackrock 2037 Municipal Target Term Trust by 8.7% during the 3rd quarter. Van ECK Associates Corp now owns 27,665 shares of the company’s stock worth $694,000 after purchasing an additional 2,218 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 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.