BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Up 26.7% in December

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 59,824 shares, a growth of 26.7% from the November 30th total of 47,230 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 163,732 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 163,732 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On BlackRock MuniVest Fund

Institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC raised its position in shares of BlackRock MuniVest Fund by 6.1% during the 2nd quarter. Guggenheim Capital LLC now owns 1,401,164 shares of the company’s stock worth $9,220,000 after purchasing an additional 80,567 shares during the last quarter. Raymond James Financial Inc. lifted its stake in BlackRock MuniVest Fund by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 968,300 shares of the company’s stock worth $6,643,000 after purchasing an additional 36,953 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of BlackRock MuniVest Fund by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 582,448 shares of the company’s stock valued at $3,996,000 after purchasing an additional 20,206 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniVest Fund by 10.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 536,386 shares of the company’s stock worth $3,680,000 after buying an additional 49,176 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of BlackRock MuniVest Fund by 23.4% in the third quarter. Bank of America Corp DE now owns 502,020 shares of the company’s stock valued at $3,444,000 after purchasing an additional 95,341 shares during the period. Institutional investors and hedge funds own 48.16% of the company’s stock.

BlackRock MuniVest Fund Stock Up 0.7%

Shares of MVF opened at $6.90 on Friday. BlackRock MuniVest Fund has a fifty-two week low of $6.43 and a fifty-two week high of $7.37. The business’s 50-day moving average is $6.93 and its two-hundred day moving average is $6.79.

BlackRock MuniVest Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.036 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date was Monday, December 22nd.

About BlackRock MuniVest Fund

BlackRock MuniVest Fund, Inc (NYSE: MVF) is an actively managed, closed-end investment company that seeks to provide current income exempt from federal income tax, with a secondary objective of capital appreciation. The Fund primarily invests in investment-grade municipal securities issued by U.S. states, territories, municipalities, agencies and authorities. By focusing on high-quality tax-exempt bonds, the fund aims to deliver a steady stream of federally tax-exempt distributions to its shareholders.

The fund’s portfolio typically includes bonds across a range of maturities and sectors, with an emphasis on intermediate to long-term durations.