BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Down 56.6% in December

BlackRock MuniYield Fund, Inc. (NYSE:MYD) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 67,100 shares, a drop of 56.6% from the November 30th total of 154,600 shares. Based on an average daily volume of 168,900 shares, the short-interest ratio is currently 0.4 days.

BlackRock MuniYield Fund Stock Down 0.2 %

Shares of NYSE MYD traded down $0.02 during mid-day trading on Friday, hitting $10.42. The company had a trading volume of 165,929 shares, compared to its average volume of 170,337. BlackRock MuniYield Fund has a 12 month low of $10.27 and a 12 month high of $11.74. The business’s 50-day simple moving average is $11.12 and its 200-day simple moving average is $11.13.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.65 dividend on an annualized basis and a yield of 6.28%.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several institutional investors and hedge funds have recently bought and sold shares of MYD. Blue Bell Private Wealth Management LLC acquired a new stake in BlackRock MuniYield Fund during the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in BlackRock MuniYield Fund by 2,293.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,609 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 2,500 shares during the period. Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield Fund during the second quarter worth $42,000. Private Advisor Group LLC bought a new position in shares of BlackRock MuniYield Fund during the third quarter valued at $138,000. Finally, Choreo LLC acquired a new stake in shares of BlackRock MuniYield Fund in the 2nd quarter valued at $144,000. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.