BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Update

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 35,600 shares, a drop of 25.2% from the October 15th total of 47,600 shares. Based on an average trading volume of 96,100 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of institutional investors have recently modified their holdings of the company. Cetera Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the 1st quarter valued at about $114,000. Pathway Financial Advisers LLC acquired a new position in BlackRock MuniAssets Fund during the 1st quarter worth $61,000. Tyche Wealth Partners LLC acquired a new stake in BlackRock MuniAssets Fund in the 2nd quarter valued at about $195,000. Rothschild Investment LLC purchased a new position in shares of BlackRock MuniAssets Fund in the 2nd quarter valued at about $371,000. Finally, Commonwealth Equity Services LLC grew its position in shares of BlackRock MuniAssets Fund by 14.8% during the second quarter. Commonwealth Equity Services LLC now owns 253,744 shares of the investment management company’s stock worth $2,943,000 after buying an additional 32,744 shares in the last quarter. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Down 0.1 %

Shares of BlackRock MuniAssets Fund stock opened at $12.40 on Friday. The business’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $11.72. BlackRock MuniAssets Fund has a 52 week low of $9.58 and a 52 week high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.37%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.