BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Down 42.7% in May

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 30,500 shares, a decrease of 42.7% from the May 15th total of 53,200 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 104,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of BlackRock MuniVest Fund

A number of institutional investors and hedge funds have recently bought and sold shares of MVF. J.W. Cole Advisors Inc. purchased a new stake in BlackRock MuniVest Fund during the fourth quarter worth about $77,000. Noble Wealth Management PBC acquired a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $142,000. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $4,978,000. HighTower Advisors LLC acquired a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $423,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth about $38,000. 48.16% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniVest Fund Trading Down 1.2%

Shares of NYSE:MVF opened at $6.62 on Monday. The firm’s 50-day moving average is $6.75 and its two-hundred day moving average is $7.03. BlackRock MuniVest Fund has a 1 year low of $6.50 and a 1 year high of $7.64.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.036 per share. The ex-dividend date is Friday, June 13th. This represents a $0.43 dividend on an annualized basis and a yield of 6.53%.

About BlackRock MuniVest Fund

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.