Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 90.4% in December

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 23,006 shares, a growth of 90.4% from the December 15th total of 12,082 shares. Based on an average trading volume of 13,518 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 13,518 shares, the short-interest ratio is currently 1.7 days.

Blackrock 2037 Municipal Target Term Trust Price Performance

Shares of Blackrock 2037 Municipal Target Term Trust stock remained flat at $26.39 during trading on Friday. The company had a trading volume of 6,963 shares, compared to its average volume of 8,633. Blackrock 2037 Municipal Target Term Trust has a 12 month low of $23.04 and a 12 month high of $26.47. The stock has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $24.95.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.0938 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank sold 1,164 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $24.56, for a total value of $28,587.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BMN. Hennion & Walsh Asset Management Inc. bought a new stake in Blackrock 2037 Municipal Target Term Trust during the 4th quarter worth approximately $1,844,000. Narwhal Capital Management bought a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $476,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Blackrock 2037 Municipal Target Term Trust during the 3rd quarter valued at $289,000. UBS Group AG lifted its stake in shares of Blackrock 2037 Municipal Target Term Trust by 11.7% during the 3rd quarter. UBS Group AG now owns 78,694 shares of the company’s stock valued at $1,974,000 after buying 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 5.4% in the 3rd quarter. Bank of America Corp DE now owns 104,095 shares of the company’s stock worth $2,611,000 after buying an additional 5,290 shares during the period.

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.