BlackRock MuniVest Fund, Inc. (NYSE:MVF) Sees Significant Decrease in Short Interest

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 21,461 shares, a decline of 64.1% from the December 15th total of 59,824 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 190,626 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 190,626 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Large investors have recently bought and sold shares of the stock. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniVest Fund by 6.1% in the 2nd quarter. Guggenheim Capital LLC now owns 1,401,164 shares of the company’s stock valued at $9,220,000 after purchasing an additional 80,567 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of 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 buying an additional 36,953 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in 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 acquiring an additional 20,206 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew 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 valued at $3,680,000 after acquiring an additional 49,176 shares during the period. Finally, Bank of America Corp DE increased its stake in BlackRock MuniVest Fund by 23.4% during the third quarter. Bank of America Corp DE now owns 502,020 shares of the company’s stock worth $3,444,000 after acquiring an additional 95,341 shares during the last quarter. Hedge funds and other institutional investors own 48.16% of the company’s stock.

BlackRock MuniVest Fund Trading Down 0.5%

NYSE MVF opened at $7.00 on Tuesday. The business’s 50-day moving average price is $6.92 and its 200 day moving average price is $6.81. BlackRock MuniVest Fund has a twelve month low of $6.43 and a twelve month high of $7.37.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a dividend of $0.036 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, February 6th.

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.