BlackRock MuniYield Fund, Inc. (NYSE:MYD) Sees Large Increase in Short Interest

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 24,720 shares, an increase of 115.4% from the December 31st total of 11,475 shares. Based on an average daily volume of 129,477 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 129,477 shares, the short-interest ratio is currently 0.2 days.

BlackRock MuniYield Fund Stock Up 0.6%

Shares of MYD stock opened at $10.66 on Friday. BlackRock MuniYield Fund has a fifty-two week low of $9.65 and a fifty-two week high of $10.92. The stock’s fifty day moving average price is $10.47 and its two-hundred day moving average price is $10.38.

BlackRock MuniYield Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a dividend of $0.0545 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, February 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in BlackRock MuniYield Fund by 53.2% during the 1st quarter. Royal Bank of Canada now owns 71,367 shares of the financial services provider’s stock valued at $753,000 after acquiring an additional 24,775 shares during the period. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniYield Fund by 41.8% during the first quarter. NewEdge Advisors LLC now owns 36,626 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 10,800 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of BlackRock MuniYield Fund by 389.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,953 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 4,737 shares during the period. Mackay Shields LLC grew its holdings in shares of BlackRock MuniYield Fund by 33.4% in the second quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock worth $7,477,000 after purchasing an additional 186,551 shares during the last quarter. Finally, Integrated Capital Management Inc. purchased a new position in shares of BlackRock MuniYield Fund in the second quarter worth $314,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

About BlackRock MuniYield Fund

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.