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

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 15,544 shares, a decrease of 37.6% from the May 31st total of 24,928 shares. Based on an average daily trading volume, of 89,589 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

BlackRock MuniAssets Fund Stock Down 0.0%

MUA stock traded down $0.01 during midday trading on Thursday, hitting $11.03. 148,560 shares of the stock traded hands, compared to its average volume of 102,029. BlackRock MuniAssets Fund has a 1-year low of $10.02 and a 1-year high of $11.79. The stock’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $10.79.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock MuniAssets Fund in the fourth quarter worth approximately $50,000. Hollencrest Capital Management purchased a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at about $52,000. Northwestern Mutual Wealth Management Co. grew its stake in BlackRock MuniAssets Fund by 212.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 4,761 shares in the last quarter. Advisory Services Network LLC acquired a new stake in BlackRock MuniAssets Fund in the 3rd quarter valued at about $75,000. Finally, Fifth Third Bancorp acquired a new stake in BlackRock MuniAssets Fund in the 1st quarter valued at about $95,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Company Profile

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.