Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 145.4% in June

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,159 shares, a growth of 145.4% from the May 31st total of 3,732 shares. Based on an average daily volume of 7,043 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Several large investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in Blackrock 2037 Municipal Target Term Trust by 173.2% in the second quarter. Osaic Holdings Inc. now owns 5,000 shares of the company’s stock valued at $123,000 after purchasing an additional 3,170 shares in the last quarter. DUTCH ASSET Corp acquired a new stake in Blackrock 2037 Municipal Target Term Trust during the fourth quarter worth about $232,000. Dorsey & Whitney Trust CO LLC increased its holdings in Blackrock 2037 Municipal Target Term Trust by 33.3% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 12,000 shares of the company’s stock valued at $314,000 after buying an additional 3,000 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Blackrock 2037 Municipal Target Term Trust by 17.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,546 shares of the company’s stock valued at $355,000 after buying an additional 2,009 shares during the period. Finally, Invesco Ltd. raised its position in shares of Blackrock 2037 Municipal Target Term Trust by 4.6% in the 4th quarter. Invesco Ltd. now owns 18,264 shares of the company’s stock valued at $478,000 after buying an additional 802 shares in the last quarter.

Blackrock 2037 Municipal Target Term Trust Stock Down 0.8%

Shares of NYSE BMN traded down $0.20 during midday trading on Wednesday, reaching $25.50. The company’s stock had a trading volume of 2,258 shares, compared to its average volume of 9,204. The business’s 50 day moving average price is $25.77 and its two-hundred day moving average price is $26.13. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.96 and a fifty-two week high of $27.96.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0938 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, September 15th.

About Blackrock 2037 Municipal Target Term Trust

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.