Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Rises By 28.6%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 14,400 shares, a growth of 28.6% from the March 31st total of 11,200 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is presently 0.7 days.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of NYSE:BMN opened at $24.02 on Tuesday. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $21.51 and a 52-week high of $25.59. The company has a fifty day moving average of $23.98.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.094 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Friday, April 12th.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

An institutional investor recently bought a new position in Blackrock 2037 Municipal Target Term Trust stock. Nomura Holdings Inc. purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $214,000.

About Blackrock 2037 Municipal Target Term Trust

Blackrock 2037 Municipal Target Term Trust is an close-ended fixed income mutual fund launched by Blackrock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily invests in n investment grade municipal securities that are rated BBB- or above by S&P and Fitch or Baa3 or above by Moody's.