Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Drops By 37.6%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 15,544 shares, a decrease of 37.6% from the May 31st total of 24,928 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 89,589 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniAssets Fund Stock Performance

Shares of NYSE MUA traded up $0.02 during mid-day trading on Friday, hitting $11.02. 190,753 shares of the stock were exchanged, compared to its average volume of 105,733. BlackRock MuniAssets Fund has a twelve month low of $10.02 and a twelve month high of $11.79. The stock’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $10.79.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Trading of BlackRock MuniAssets Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of BlackRock MuniAssets Fund by 60.1% in the first quarter. NewEdge Advisors LLC now owns 115,299 shares of the investment management company’s stock valued at $1,223,000 after buying an additional 43,293 shares during the period. Rivernorth Capital Management LLC boosted its position in BlackRock MuniAssets Fund by 51.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 312,410 shares of the investment management company’s stock worth $3,315,000 after buying an additional 106,043 shares during the period. Royal Bank of Canada grew its holdings in BlackRock MuniAssets Fund by 89.2% during the 1st quarter. Royal Bank of Canada now owns 171,937 shares of the investment management company’s stock worth $1,824,000 after acquiring an additional 81,069 shares during the last quarter. Wealth Alliance LLC grew its holdings in BlackRock MuniAssets Fund by 42.7% during the 1st quarter. Wealth Alliance LLC now owns 90,736 shares of the investment management company’s stock worth $963,000 after acquiring an additional 27,129 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in BlackRock MuniAssets Fund by 8.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 280,957 shares of the investment management company’s stock valued at $2,981,000 after acquiring an additional 22,632 shares during the period. 20.38% of the stock is currently owned by institutional investors.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets Fund, Inc (NYSE: MUA) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. Managed by BlackRock, one of the world’s leading investment managers, the fund primarily invests in a diversified portfolio of investment-grade municipal debt obligations. Its holdings typically include general obligation and revenue bonds issued by state and local governments, utilities, and infrastructure entities across the United States.

The fund employs a combination of active security selection and duration management to navigate changing interest rate and credit environments.