BlackRock MuniVest Fund, Inc. (NYSE:MVF) Sees Significant Decline in Short Interest

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 55,600 shares, a decrease of 16.9% from the February 28th total of 66,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 115,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of BlackRock MuniVest Fund

Large investors have recently modified their holdings of the stock. Sit Investment Associates Inc. raised its stake in BlackRock MuniVest Fund by 318.5% in the fourth quarter. Sit Investment Associates Inc. now owns 979,630 shares of the company’s stock valued at $6,897,000 after purchasing an additional 745,558 shares in the last quarter. Raymond James Financial Inc. bought a new position in BlackRock MuniVest Fund in the 4th quarter valued at about $4,978,000. 1607 Capital Partners LLC raised its position in shares of BlackRock MuniVest Fund by 39.8% in the 4th quarter. 1607 Capital Partners LLC now owns 551,113 shares of the company’s stock valued at $3,880,000 after buying an additional 156,865 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniVest Fund by 9.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,137,845 shares of the company’s stock worth $8,010,000 after acquiring an additional 97,081 shares during the period. Finally, Invesco Ltd. boosted its position in shares of BlackRock MuniVest Fund by 52.9% during the 4th quarter. Invesco Ltd. now owns 231,763 shares of the company’s stock worth $1,632,000 after acquiring an additional 80,197 shares in the last quarter. 48.16% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Up 0.8 %

Shares of NYSE MVF traded up $0.06 during midday trading on Tuesday, reaching $7.07. The company’s stock had a trading volume of 167,593 shares, compared to its average volume of 110,303. The business’s 50 day moving average price is $7.19 and its two-hundred day moving average price is $7.29. BlackRock MuniVest Fund has a fifty-two week low of $6.74 and a fifty-two week high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.43 annualized dividend and a yield of 6.11%.

BlackRock MuniVest Fund Company Profile

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.