BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Sees Significant Decrease in Short Interest

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 15,500 shares, a decline of 63.4% from the October 31st total of 42,300 shares. Based on an average daily trading volume, of 530,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of BlackRock Municipal Income Fund by 240.0% during the third quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $26,000 after acquiring an additional 1,440 shares during the period. Wolverine Asset Management LLC acquired a new stake in BlackRock Municipal Income Fund during the 2nd quarter valued at $27,000. Farther Finance Advisors LLC bought a new position in BlackRock Municipal Income Fund in the 3rd quarter valued at $28,000. Eagle Bay Advisors LLC acquired a new position in BlackRock Municipal Income Fund in the second quarter worth $82,000. Finally, Wiser Wealth Management Inc bought a new stake in shares of BlackRock Municipal Income Fund during the third quarter worth $140,000.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE:MUI traded up $0.09 on Wednesday, hitting $12.65. 434,828 shares of the company were exchanged, compared to its average volume of 291,116. The company’s 50 day moving average price is $12.49 and its two-hundred day moving average price is $12.38. BlackRock Municipal Income Fund has a one year low of $11.01 and a one year high of $12.83.

BlackRock Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.22%.

About BlackRock Municipal Income Fund

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.