Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Drops By 74.9%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 3,732 shares, a decline of 74.9% from the May 14th total of 14,853 shares. Based on an average trading volume of 8,685 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of large investors have recently bought and sold shares of BMN. Hennion & Walsh Asset Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth $1,844,000. Royal Bank of Canada boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 70.7% in the fourth quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock worth $835,000 after purchasing an additional 13,212 shares in the last quarter. DUTCH ASSET Corp bought a new stake in Blackrock 2037 Municipal Target Term Trust in the fourth quarter worth $232,000. UBS Group AG boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 11.7% in the third quarter. UBS Group AG now owns 78,694 shares of the company’s stock worth $1,974,000 after purchasing an additional 8,216 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Blackrock 2037 Municipal Target Term Trust by 6.1% in the first quarter. Bank of America Corp DE now owns 122,544 shares of the company’s stock worth $3,179,000 after purchasing an additional 7,029 shares in the last quarter.

Blackrock 2037 Municipal Target Term Trust Trading Down 1.5%

Shares of NYSE BMN traded down $0.41 during trading hours on Thursday, hitting $26.03. The stock had a trading volume of 6,960 shares, compared to its average volume of 9,268. The firm’s 50-day moving average price is $25.91 and its two-hundred day moving average price is $26.07. Blackrock 2037 Municipal Target Term Trust has a 52 week low of $23.96 and a 52 week high of $27.96.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0938 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.