BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Large Drop in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 24,928 shares, a drop of 56.1% from the May 14th total of 56,832 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 99,995 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter valued at about $50,000. Hollencrest Capital Management acquired a new stake in BlackRock MuniAssets Fund during the 1st quarter worth about $52,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BlackRock MuniAssets Fund by 212.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,003 shares of the investment management company’s stock worth $73,000 after acquiring an additional 4,761 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of BlackRock MuniAssets Fund in the 3rd quarter worth about $75,000. Finally, Fifth Third Bancorp acquired a new position in shares of BlackRock MuniAssets Fund in the 1st quarter valued at about $95,000. 20.38% of the stock is owned by institutional investors.

BlackRock MuniAssets Fund Price Performance

BlackRock MuniAssets Fund stock opened at $10.72 on Friday. BlackRock MuniAssets Fund has a twelve month low of $10.02 and a twelve month high of $11.79. The company’s 50-day moving average price is $10.66 and its two-hundred day moving average price is $10.78.

BlackRock MuniAssets Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.0555 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniAssets Fund

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.