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 drop in short interest in the month of August. As of August 15th, there was short interest totaling 13,800 shares, adropof51.1% from the July 31st total of 28,200 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 1.3 days.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock traded up $0.11 on Friday, hitting $24.50. 22,274 shares of the stock traded hands, compared to its average volume of 12,751. The business’s fifty day simple moving average is $24.49 and its 200 day simple moving average is $24.55. Blackrock 2037 Municipal Target Term Trust has a 1 year low of $23.04 and a 1 year high of $26.14.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a dividend of $0.0938 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a yield of 4.6%.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in Blackrock 2037 Municipal Target Term Trust by 173.2% during the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after buying an additional 3,170 shares during the period. Truist Financial Corp lifted its position in Blackrock 2037 Municipal Target Term Trust by 13.4% during the second quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock valued at $592,000 after buying an additional 2,848 shares during the period. Jacobi Capital Management LLC purchased a new position in Blackrock 2037 Municipal Target Term Trust during the first quarter valued at $659,000. Finally, Bank of America Corp DE lifted its position in Blackrock 2037 Municipal Target Term Trust by 0.7% during the fourth quarter. Bank of America Corp DE now owns 132,694 shares of the company’s stock valued at $3,396,000 after buying an additional 987 shares during the period.

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.