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

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

Blackrock 2037 Municipal Target Term Trust Stock Performance

Shares of BMN stock opened at $23.83 on Thursday. The firm has a fifty day simple moving average of $24.01. Blackrock 2037 Municipal Target Term Trust has a fifty-two week low of $21.51 and a fifty-two week high of $25.59.

Blackrock 2037 Municipal Target Term Trust Dividend Announcement

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

Insiders Place Their Bets

In related news, Portfolio Manager Christian Romaglino acquired 1,350 shares of the stock in a transaction on Friday, January 26th. The shares were purchased at an average price of $23.92 per share, for a total transaction of $32,292.00. Following the purchase, the portfolio manager now directly owns 1,350 shares in the company, valued at $32,292. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Blackrock 2037 Municipal Target Term Trust

A number of large investors have recently modified their holdings of BMN. Nomura Holdings Inc. acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the 4th quarter valued at $214,000. Citadel Advisors LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 4th quarter valued at $454,000. Royal Bank of Canada boosted its holdings in shares of Blackrock 2037 Municipal Target Term Trust by 30.1% during the 4th quarter. Royal Bank of Canada now owns 21,600 shares of the company’s stock valued at $514,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Retirement Planning Group LLC acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust during the 1st quarter valued at $1,770,000.

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.