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 in December. As of December 15th, there was short interest totaling 12,082 shares, a growth of 59.5% from the November 30th total of 7,575 shares. Based on an average daily trading volume, of 11,774 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 11,774 shares, the short-interest ratio is presently 1.0 days.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.4%

Shares of Blackrock 2037 Municipal Target Term Trust stock traded up $0.10 on Friday, hitting $25.90. The company had a trading volume of 3,202 shares, compared to its average volume of 13,155. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.04 and a 52 week high of $26.09. The business has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $24.82.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.0938 per share. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 4.3%.

Insider Buying and Selling

In other Blackrock 2037 Municipal Target Term Trust news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $28,587.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its holdings in 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 acquiring an additional 3,170 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Blackrock 2037 Municipal Target Term Trust in the 3rd quarter valued at about $289,000. Narwhal Capital Management bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at about $476,000. Truist Financial Corp grew its stake in shares of Blackrock 2037 Municipal Target Term Trust by 13.4% in the 2nd quarter. Truist Financial Corp now owns 24,048 shares of the company’s stock worth $592,000 after purchasing an additional 2,848 shares during the last quarter. Finally, Jacobi Capital Management LLC acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust in the 1st quarter worth approximately $659,000.

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.