BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Up 69.6% in July

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 44,831 shares, an increase of 69.6% from the June 30th total of 26,441 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 90,279 shares, the short-interest ratio is presently 0.5 days.

BlackRock MuniAssets Fund Trading Down 0.5%

NYSE:MUA opened at $10.12 on Friday. BlackRock MuniAssets Fund has a 1 year low of $10.10 and a 1 year high of $11.79. The firm’s fifty day simple moving average is $10.72 and its 200 day simple moving average is $10.78.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in BlackRock MuniAssets Fund by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 50,328 shares of the investment management company’s stock valued at $523,000 after acquiring an additional 1,217 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of BlackRock MuniAssets Fund by 14.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 15,500 shares of the investment management company’s stock worth $166,000 after purchasing an additional 2,000 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of BlackRock MuniAssets Fund by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 114,743 shares of the investment management company’s stock worth $1,229,000 after purchasing an additional 3,653 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of BlackRock MuniAssets Fund by 3.0% during the fourth quarter. Osaic Holdings Inc. now owns 156,361 shares of the investment management company’s stock valued at $1,675,000 after purchasing an additional 4,614 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of BlackRock MuniAssets Fund in the fourth quarter valued at $50,000. 20.38% of the stock is currently owned by institutional investors.

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.