Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Stock Short Interest Report for October

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 8,248 shares, a growth of 461.9% from the October 15th total of 1,468 shares. Based on an average daily volume of 49,616 shares, the short-interest ratio is presently 0.2 days.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank bought 3,070 shares of the stock in a transaction on Tuesday, October 27th. The shares were bought at an average price of $22.98 per share, with a total value of $70,548.60. Following the completion of the acquisition, the insider owned 3,070 shares of the company’s stock, valued at approximately $70,548.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BMN. Hennion & Walsh Asset Management Inc. lifted its stake in Blackrock 2037 Municipal Target Term Trust by 0.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 132,064 shares of the company’s stock valued at $3,394,000 after buying an additional 630 shares in the last quarter. Bank of America Corp DE increased its position in Blackrock 2037 Municipal Target Term Trust by 6.1% during the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock worth $3,179,000 after buying an additional 7,029 shares in the last quarter. Van ECK Associates Corp increased its position in Blackrock 2037 Municipal Target Term Trust by 6.3% during the second quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after buying an additional 2,154 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Blackrock 2037 Municipal Target Term Trust during the third quarter worth $573,000. Finally, Narwhal Capital Management acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the third quarter worth $336,000.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock traded up $0.03 on Wednesday, hitting $23.48. The company’s stock had a trading volume of 9,485 shares, compared to its average volume of 15,204. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $21.28 and a 52-week high of $27.96. The firm has a fifty day moving average price of $23.22 and a 200-day moving average price of $25.30.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.0993 per share. This represents a $1.19 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, November 13th.

About Blackrock 2037 Municipal Target Term Trust

BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) is a closed-end management investment company advised by BlackRock Advisors, LLC. It seeks to provide current income that is exempt from regular U.S. federal income tax, consistent with its investment objectives and policies. The trust invests primarily in municipal bonds issued by U.S. states and local governments and their agencies. These bonds help fund public projects and services, and their interest may receive favorable federal tax treatment.