BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Significant Decrease in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 99,995 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

BlackRock MuniAssets Fund Price Performance

NYSE MUA remained flat at $10.74 during trading on Friday. The company’s stock had a trading volume of 58,000 shares, compared to its average volume of 91,699. BlackRock MuniAssets Fund has a one year low of $10.02 and a one year high of $11.79. The business’s 50 day simple moving average is $10.66 and its two-hundred day simple moving average is $10.78.

BlackRock MuniAssets Fund Dividend Announcement

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

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in BlackRock MuniAssets Fund by 18.3% during the third quarter. Bank of America Corp DE now owns 1,490,043 shares of the investment management company’s stock valued at $16,539,000 after buying an additional 230,972 shares in the last quarter. Keybank National Association OH raised its holdings in BlackRock MuniAssets Fund by 0.8% during the fourth quarter. Keybank National Association OH now owns 1,050,678 shares of the investment management company’s stock valued at $11,253,000 after buying an additional 8,688 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniAssets Fund by 29.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 976,962 shares of the investment management company’s stock worth $10,463,000 after purchasing an additional 224,943 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of BlackRock MuniAssets Fund by 4.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 504,492 shares of the investment management company’s stock worth $5,403,000 after purchasing an additional 23,151 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniAssets Fund by 77.8% in the fourth quarter. Advisors Asset Management Inc. now owns 384,686 shares of the investment management company’s stock worth $4,120,000 after purchasing an additional 168,356 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.