BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Large Drop in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 24,928 shares, a decline of 56.1% from the May 14th total of 56,832 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 99,995 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter valued at $50,000. Hollencrest Capital Management purchased a new stake in BlackRock MuniAssets Fund during the first quarter valued at about $52,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of BlackRock MuniAssets Fund by 212.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after buying an additional 4,761 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of BlackRock MuniAssets Fund in the third quarter worth about $75,000. Finally, Fifth Third Bancorp bought a new stake in shares of BlackRock MuniAssets Fund in the 1st quarter valued at about $95,000. 20.38% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Price Performance

NYSE MUA opened at $10.72 on Friday. The company’s 50 day moving average is $10.66 and its 200-day moving average is $10.78. BlackRock MuniAssets Fund has a 12-month low of $10.02 and a 12-month high of $11.79.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.2%.

About BlackRock MuniAssets Fund

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.