Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 28.6% in April

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 14,400 shares, an increase of 28.6% from the March 31st total of 11,200 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Blackrock 2037 Municipal Target Term Trust stock. Retirement Planning Group LLC purchased a new stake in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 73,404 shares of the company’s stock, valued at approximately $1,770,000.

Blackrock 2037 Municipal Target Term Trust Stock Up 0.2 %

Blackrock 2037 Municipal Target Term Trust stock opened at $24.02 on Tuesday. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $21.51 and a fifty-two week high of $25.59. The business’s fifty day moving average is $23.98.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Friday, April 12th.

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.