Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 118.0% in November

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 26,600 shares, an increase of 118.0% from the October 31st total of 12,200 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is currently 2.1 days.

Blackrock 2037 Municipal Target Term Trust Stock Up 1.2 %

Shares of Blackrock 2037 Municipal Target Term Trust stock traded up $0.31 during trading hours on Thursday, hitting $25.60. The company’s stock had a trading volume of 27,817 shares, compared to its average volume of 18,061. The stock has a 50 day moving average of $25.15 and a 200 day moving average of $24.88. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.35 and a 12 month high of $26.14.

Blackrock 2037 Municipal Target Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.094 per share. This represents a $1.13 dividend on an annualized basis and a yield of 4.41%. This is a boost from Blackrock 2037 Municipal Target Term Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently bought and sold shares of the stock. Truist Financial Corp bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the second quarter worth $210,000. Commonwealth Equity Services LLC acquired a new position in Blackrock 2037 Municipal Target Term Trust in the 2nd quarter worth $493,000. Wealth Enhancement Advisory Services LLC increased its holdings in Blackrock 2037 Municipal Target Term Trust by 52.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,701 shares of the company’s stock worth $413,000 after purchasing an additional 5,730 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Blackrock 2037 Municipal Target Term Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 35,136 shares of the company’s stock valued at $880,000 after purchasing an additional 3,858 shares during the period. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the second quarter valued at about $222,000.

Blackrock 2037 Municipal Target Term Trust Company Profile

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.