Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Increases By 60.5%

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 72,400 shares, a growth of 60.5% from the September 30th total of 45,100 shares. Based on an average daily volume of 100,600 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 100,600 shares, the short-interest ratio is presently 0.7 days.

BlackRock MuniYield Fund Stock Down 0.4%

Shares of NYSE MYD opened at $10.53 on Tuesday. BlackRock MuniYield Fund has a 12-month low of $9.65 and a 12-month high of $11.55. The firm’s 50-day moving average is $10.49 and its two-hundred day moving average is $10.19.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th were issued a $0.0545 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Wednesday, October 15th.

Institutional Trading of BlackRock MuniYield Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of BlackRock MuniYield Fund by 24.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 118,767 shares of the financial services provider’s stock valued at $1,253,000 after buying an additional 23,473 shares during the last quarter. Integrated Capital Management Inc. acquired a new position in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $314,000. LPL Financial LLC raised its position in shares of BlackRock MuniYield Fund by 6.0% in the first quarter. LPL Financial LLC now owns 264,157 shares of the financial services provider’s stock valued at $2,787,000 after buying an additional 14,930 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of BlackRock MuniYield Fund by 12.6% in the first quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider’s stock valued at $133,000 after buying an additional 1,410 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of BlackRock MuniYield Fund in the second quarter valued at approximately $1,606,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.