Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 90.4% in December

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 23,006 shares, an increase of 90.4% from the December 15th total of 12,082 shares. Based on an average daily volume of 13,518 shares, the short-interest ratio is presently 1.7 days. Based on an average daily volume of 13,518 shares, the short-interest ratio is presently 1.7 days.

Insider Transactions at Blackrock 2037 Municipal Target Term Trust

In related news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $28,587.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Large investors have recently modified their holdings of the stock. Truist Financial Corp boosted its position in Blackrock 2037 Municipal Target Term Trust by 13.4% in 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 in the last quarter. Narwhal Capital Management bought a new position in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter valued at approximately $476,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 3rd quarter worth approximately $289,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter worth approximately $1,844,000. Finally, Osaic Holdings Inc. grew its position in Blackrock 2037 Municipal Target Term Trust by 173.2% during the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock worth $123,000 after acquiring an additional 3,170 shares during the last quarter.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.8%

Shares of Blackrock 2037 Municipal Target Term Trust stock traded up $0.20 during midday trading on Thursday, hitting $26.22. The company had a trading volume of 6,649 shares, compared to its average volume of 8,475. Blackrock 2037 Municipal Target Term Trust has a 1-year low of $23.04 and a 1-year high of $26.47. The business’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $24.93.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0938 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, March 13th.

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.