BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Update

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

Hedge Funds Weigh In On BlackRock MuniYield Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MYD. Mackay Shields LLC boosted its position in BlackRock MuniYield Fund by 33.4% during 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 in the last quarter. Pathstone Holdings LLC raised its holdings in shares of BlackRock MuniYield Fund by 3.3% in the third quarter. Pathstone Holdings LLC now owns 693,632 shares of the financial services provider’s stock worth $7,325,000 after acquiring an additional 22,222 shares during the last quarter. City of London Investment Management Co. Ltd. boosted its stake in shares of BlackRock MuniYield Fund by 35.3% during the third quarter. City of London Investment Management Co. Ltd. now owns 559,426 shares of the financial services provider’s stock valued at $5,908,000 after acquiring an additional 146,106 shares during the last quarter. Rareview Capital LLC raised its stake in BlackRock MuniYield Fund by 4.6% in the 4th quarter. Rareview Capital LLC now owns 391,116 shares of the financial services provider’s stock valued at $3,927,000 after purchasing an additional 17,103 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in BlackRock MuniYield Fund by 10.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 354,399 shares of the financial services provider’s stock valued at $3,742,000 after purchasing an additional 34,416 shares in the last quarter. 33.77% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Fund Price Performance

Shares of NYSE MYD traded up $0.01 during mid-day trading on Friday, hitting $10.61. 2,174 shares of the company were exchanged, compared to its average volume of 137,071. BlackRock MuniYield Fund has a 1-year low of $9.65 and a 1-year high of $10.92. The stock has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.37.

BlackRock MuniYield Fund Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

BlackRock MuniYield Fund Company Profile

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.