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

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

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of NYSE:BMN traded down $0.18 during midday trading on Friday, reaching $25.55. The company’s stock had a trading volume of 8,519 shares, compared to its average volume of 9,595. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $23.81 and a fifty-two week high of $27.96. The business’s fifty day simple moving average is $26.17 and its 200-day simple moving average is $25.92.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.0938 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 4.4%.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its holdings 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 acquiring an additional 3,170 shares during the last quarter. DUTCH ASSET Corp bought a new position in Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $232,000. Wealth Enhancement Advisory Services LLC bought a new position in Blackrock 2037 Municipal Target Term Trust in the third quarter valued at about $289,000. Dorsey & Whitney Trust CO LLC boosted its holdings 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. boosted its holdings 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.