BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Significant Increase in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,800 shares, an increase of 83.0% from the February 28th total of 14,100 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 130,500 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE:MUA traded down $0.01 during midday trading on Friday, reaching $10.74. The company’s stock had a trading volume of 91,531 shares, compared to its average volume of 94,967. The business has a 50 day moving average price of $10.99 and a 200 day moving average price of $11.55. BlackRock MuniAssets Fund has a 1 year low of $10.64 and a 1 year high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several hedge funds have recently modified their holdings of the stock. Mariner LLC raised its stake in BlackRock MuniAssets Fund by 32.8% during the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company’s stock worth $12,255,000 after purchasing an additional 273,870 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniAssets Fund during the 4th quarter worth $2,457,000. Keybank National Association OH raised its position in shares of BlackRock MuniAssets Fund by 14.2% in the 4th quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company’s stock worth $11,084,000 after buying an additional 124,464 shares during the period. Bank of America Corp DE boosted its holdings in BlackRock MuniAssets Fund by 10.1% in the fourth quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock valued at $12,721,000 after acquiring an additional 106,107 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in BlackRock MuniAssets Fund during the fourth quarter valued at about $1,003,000. 20.38% of the stock is owned by institutional investors and hedge funds.

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.