BlackRock Municipal Income Fund, Inc. (NYSE:MUI – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 67,800 shares, a decline of 23.3% from the June 15th total of 88,400 shares. Based on an average daily trading volume, of 151,900 shares, the short-interest ratio is presently 0.4 days.
BlackRock Municipal Income Fund Stock Performance
BlackRock Municipal Income Fund stock traded up $0.04 during midday trading on Friday, reaching $12.37. The stock had a trading volume of 96,644 shares, compared to its average volume of 177,052. BlackRock Municipal Income Fund has a 12 month low of $9.73 and a 12 month high of $12.42. The company has a fifty day moving average price of $12.23 and a two-hundred day moving average price of $11.90.
BlackRock Municipal Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be given a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Monday, July 15th.
Institutional Trading of BlackRock Municipal Income Fund
BlackRock Municipal Income Fund Company Profile
BlackRock Muni Intermediate Duration Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.
Further Reading
- Five stocks we like better than BlackRock Municipal Income Fund
- Transportation Stocks Investing
- MarketBeat Week in Review – 7/8 – 7/12
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- Do ETFs Pay Dividends? What You Need to Know
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
Receive News & Ratings for BlackRock Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.