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

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

Blackrock 2037 Municipal Target Term Trust Trading Up 0.2%

Shares of NYSE BMN traded up $0.04 during mid-day trading on Monday, reaching $25.54. The company had a trading volume of 8,148 shares, compared to its average volume of 9,579. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.81 and a twelve month high of $27.96. The stock’s 50 day moving average is $26.14 and its 200-day moving average is $25.94.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

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

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position 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 buying an additional 3,170 shares during the last quarter. DUTCH ASSET Corp acquired a new position in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth $232,000. Wealth Enhancement Advisory Services LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust during the third quarter worth $289,000. Dorsey & Whitney Trust CO LLC increased its position in 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 buying an additional 3,000 shares during the last quarter. Finally, Invesco Ltd. increased its position in 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 buying 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.