Short Interest in Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Grows By 28.6%

Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 14,400 shares, a growth of 28.6% from the March 31st total of 11,200 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust

An institutional investor recently bought a new position in Blackrock 2037 Municipal Target Term Trust stock. Nomura Holdings Inc. acquired a new position in shares of Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,000 shares of the company’s stock, valued at approximately $214,000.

Blackrock 2037 Municipal Target Term Trust Trading Up 0.4 %

Shares of BMN stock opened at $23.97 on Friday. The firm has a 50 day simple moving average of $23.98. Blackrock 2037 Municipal Target Term Trust has a 52-week low of $21.51 and a 52-week high of $25.59.

Blackrock 2037 Municipal Target Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.094 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.13 dividend on an annualized basis and a yield of 4.71%.

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.