Blackrock 2037 Municipal Target Term Trust (NYSE:BMN) Sees Significant Growth in Short Interest
2026-03-15 15:58:43 ET
Blackrock 2037 Municipal Target Term Trust ( NYSE:BMN – Get Free Report ) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 28,670 shares, a growth of 29.6% from the February 12th total of 22,116 shares. Based on an average daily trading volume, of 11,389 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily trading volume, of 11,389 shares, the days-to-cover ratio is presently 2.5 days.
Hedge Funds Weigh In On Blackrock 2037 Municipal Target Term Trust
A number of large investors have recently made changes to their positions in the stock. DUTCH ASSET Corp acquired a new stake in shares of Blackrock 2037 Municipal Target Term Trust in the fourth quarter valued at about $232,000. Invesco Ltd. grew its position 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 period. Royal Bank of Canada increased its holdings in Blackrock 2037 Municipal Target Term Trust by 70.7% in the fourth quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock valued at $835,000 after buying an additional 13,212 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Blackrock 2037 Municipal Target Term Trust by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 34,447 shares of the company’s stock valued at $902,000 after acquiring an additional 6,782 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Blackrock 2037 Municipal Target Term Trust by 33.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 12,000 shares of the company’s stock valued at $314,000 after acquiring an additional 3,000 shares during the period.
Blackrock 2037 Municipal Target Term Trust Trading Down 0.8%
BMN stock traded down $0.20 on Friday, reaching $26.46. 8,046 shares of the company’s stock were exchanged, compared to its average volume of 9,725. The stock has a fifty day moving average of $26.59 and a 200-day moving average of $25.57. Blackrock 2037 Municipal Target Term Trust has a twelve month low of $23.04 and a twelve month high of $27.96.
Blackrock 2037 Municipal Target Term Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0938 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, June 15th.
About Blackrock 2037 Municipal Target Term Trust
( Get Free Report )
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.
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