Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Short Interest Up 5.7% in March

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 11,200 shares, a growth of 5.7% from the March 15th total of 10,600 shares. Based on an average daily trading volume, of 23,600 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling

In other Blackrock 2037 Municipal Target Term Trust news, Portfolio Manager Christian Romaglino acquired 1,350 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were bought at an average price of $23.92 per share, for a total transaction of $32,292.00. Following the completion of the transaction, the portfolio manager now owns 1,350 shares of the company’s stock, valued at approximately $32,292. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

Large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at about $214,000. Citadel Advisors LLC purchased a new stake in Blackrock 2037 Municipal Target Term Trust during the fourth quarter valued at about $454,000. Royal Bank of Canada raised its position in Blackrock 2037 Municipal Target Term Trust by 30.1% during the fourth quarter. Royal Bank of Canada now owns 21,600 shares of the company’s stock valued at $514,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Retirement Planning Group LLC bought a new position in shares of Blackrock 2037 Municipal Target Term Trust during the first quarter valued at about $1,770,000.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.0 %

NYSE BMN opened at $23.83 on Thursday. The company’s 50-day moving average price is $24.01. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $21.51 and a twelve month high of $25.59.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.094 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.13 dividend on an annualized basis and a yield of 4.73%.

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.