BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Up 192.8% in January

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

Institutional Trading of BlackRock MuniVest Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC acquired a new position in shares of BlackRock MuniVest Fund in the 2nd quarter valued at about $612,000. Linscomb Wealth Inc. purchased a new position in BlackRock MuniVest Fund in the second quarter valued at approximately $731,000. Wolverine Asset Management LLC acquired a new position in BlackRock MuniVest Fund during the second quarter valued at approximately $543,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock MuniVest Fund during the second quarter worth approximately $33,000. Finally, Leo Wealth LLC increased its position in shares of BlackRock MuniVest Fund by 32.7% in the second quarter. Leo Wealth LLC now owns 322,826 shares of the company’s stock worth $2,124,000 after acquiring an additional 79,510 shares in the last quarter. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Trading Up 0.4%

Shares of MVF stock opened at $6.96 on Thursday. The firm’s 50-day simple moving average is $6.92 and its 200-day simple moving average is $6.84. BlackRock MuniVest Fund has a 1-year low of $6.43 and a 1-year high of $7.37.

BlackRock MuniVest Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued 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.

About BlackRock MuniVest Fund

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.