BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Up 83.0% in March

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant 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 shares of the company are sold short. Based on an average trading volume of 130,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC grew its holdings 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 valued at $12,255,000 after purchasing an additional 273,870 shares during the period. Raymond James Financial Inc. acquired a new stake in BlackRock MuniAssets Fund during the 4th quarter worth $2,457,000. Keybank National Association OH raised its stake in BlackRock MuniAssets Fund by 14.2% during 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 lifted its holdings in BlackRock MuniAssets Fund by 10.1% during the fourth quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company’s stock worth $12,721,000 after acquiring an additional 106,107 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in BlackRock MuniAssets Fund in 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 Trading Down 0.0 %

Shares of NYSE MUA opened at $10.74 on Monday. BlackRock MuniAssets Fund has a 12-month low of $10.64 and a 12-month high of $12.69. The stock has a 50 day simple moving average of $10.99 and a 200-day simple moving average of $11.55.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.20%.

About BlackRock MuniAssets Fund

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.