BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 62,846 shares, an increase of 192.8% from the December 31st total of 21,461 shares. Based on an average daily volume of 120,132 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 120,132 shares, the short-interest ratio is currently 0.5 days.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE:MVF opened at $7.00 on Friday. The company has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $6.85. BlackRock MuniVest Fund has a 12-month low of $6.43 and a 12-month high of $7.37.

BlackRock MuniVest Fund Announces Dividend

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

Institutional Trading of BlackRock MuniVest Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. City of London Investment Management Co. Ltd. bought a new position in shares of BlackRock MuniVest Fund during the third quarter valued at approximately $1,481,000. Raymond James Financial Inc. boosted its position in BlackRock MuniVest Fund by 16.4% during the 2nd quarter. Raymond James Financial Inc. now owns 931,347 shares of the company’s stock valued at $6,128,000 after purchasing an additional 131,439 shares during the period. Linscomb Wealth Inc. acquired a new position in BlackRock MuniVest Fund during the 2nd quarter valued at approximately $731,000. Gridiron Partners LLC grew its stake in BlackRock MuniVest Fund by 45.0% during the 4th quarter. Gridiron Partners LLC now owns 345,632 shares of the company’s stock worth $2,395,000 after buying an additional 107,266 shares during the last quarter. Finally, Bank of America Corp DE increased its position in 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 worth $3,444,000 after buying an additional 95,341 shares during the period. 48.16% of the stock is owned by institutional investors.

BlackRock MuniVest Fund Company Profile

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.