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

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 28,670 shares, a growth of 29.6% from the February 12th total of 22,116 shares. Based on an average daily volume of 11,389 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily volume of 11,389 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in Blackrock 2037 Municipal Target Term Trust by 173.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after acquiring an additional 3,170 shares during the last quarter. DUTCH ASSET Corp acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth $232,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the third quarter worth $289,000. Dorsey & Whitney Trust CO LLC grew its position in shares of Blackrock 2037 Municipal Target Term Trust by 33.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 12,000 shares of the company’s stock valued at $314,000 after purchasing an additional 3,000 shares during the period. Finally, Narwhal Capital Management purchased a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter valued at $476,000.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock traded down $0.20 during mid-day trading on Friday, hitting $26.46. 8,046 shares of the stock were exchanged, compared to its average volume of 9,725. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.04 and a twelve month high of $27.96. The company has a 50-day simple moving average of $26.59 and a 200 day simple moving average of $25.57.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid 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 4.3%.

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.