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

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

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock traded up $0.03 during mid-day trading on Wednesday, hitting $23.48. 9,485 shares of the stock were exchanged, compared to its average volume of 15,204. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $21.28 and a twelve month high of $27.96. The company has a 50-day simple moving average of $23.22 and a 200 day simple moving average of $25.30.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

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

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank bought 3,070 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was purchased at an average price of $22.98 per share, with a total value of $70,548.60. Following the purchase, the insider owned 3,070 shares of the company’s stock, valued at $70,548.60. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter worth approximately $103,000. DUTCH ASSET Corp raised its holdings in Blackrock 2037 Municipal Target Term Trust by 30.3% in the 1st quarter. DUTCH ASSET Corp now owns 11,551 shares of the company’s stock valued at $300,000 after acquiring an additional 2,689 shares during the last quarter. Narwhal Capital Management purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $336,000. Apollon Wealth Management LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter worth $573,000. Finally, Van ECK Associates Corp lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 6.3% during the 2nd quarter. Van ECK Associates Corp now owns 36,239 shares of the company’s stock worth $931,000 after purchasing an additional 2,154 shares during the period.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.