Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Declines By 45.3%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 10,476 shares, a drop of 45.3% from the April 15th total of 19,163 shares. Based on an average daily trading volume, of 13,255 shares, the short-interest ratio is presently 0.8 days.

Blackrock 2037 Municipal Target Term Trust Stock Performance

Blackrock 2037 Municipal Target Term Trust stock traded up $0.04 during mid-day trading on Monday, hitting $25.54. 8,148 shares of the company were exchanged, compared to its average volume of 9,579. Blackrock 2037 Municipal Target Term Trust has a 12-month low of $23.81 and a 12-month high of $27.96. The business’s 50 day simple moving average is $26.14 and its two-hundred day simple moving average is $25.94.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0938 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several hedge funds have recently made changes to their positions in BMN. Osaic Holdings Inc. boosted its holdings 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 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 boosted its holdings 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 during the last quarter. Finally, Invesco Ltd. boosted its holdings 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 during the last quarter.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.