Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Update

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 3,732 shares, a decline of 74.9% from the May 14th total of 14,853 shares. Based on an average daily trading volume, of 8,685 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in shares of 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 worth $123,000 after purchasing an additional 3,170 shares in the last quarter. DUTCH ASSET Corp acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth $232,000. Dorsey & Whitney Trust CO LLC increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 33.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 12,000 shares of the company’s stock worth $314,000 after purchasing an additional 3,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 17.4% during the fourth 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 in the last quarter. Finally, Invesco Ltd. increased its position in shares of Blackrock 2037 Municipal Target Term Trust by 4.6% during the fourth quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock worth $478,000 after purchasing an additional 802 shares in the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Performance

NYSE:BMN traded up $0.38 during trading hours on Friday, reaching $26.13. The company’s stock had a trading volume of 2,469 shares, compared to its average volume of 9,207. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.96 and a 12 month high of $27.96. The stock has a 50 day moving average price of $25.90 and a two-hundred day moving average price of $26.07.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0938 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.