Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Expands By 52.1%

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 52.1% from the February 13th total of 14,200 shares. Based on an average trading volume of 162,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYD. Intellectus Partners LLC increased its stake in BlackRock MuniYield Fund by 10.1% during the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock worth $872,000 after buying an additional 7,000 shares during the period. Virtu Financial LLC acquired a new position in BlackRock MuniYield Fund during the 3rd quarter worth $230,000. Sanctuary Advisors LLC grew its holdings in BlackRock MuniYield Fund by 10.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,528 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 2,000 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in BlackRock MuniYield Fund during the 4th quarter worth $110,000. Finally, RFG Advisory LLC acquired a new position in BlackRock MuniYield Fund during the 4th quarter worth $278,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

Shares of MYD stock traded down $0.10 during mid-day trading on Friday, reaching $10.49. The company’s stock had a trading volume of 85,334 shares, compared to its average volume of 142,062. The company’s 50 day simple moving average is $10.70 and its 200-day simple moving average is $11.02. BlackRock MuniYield Fund has a 12-month low of $10.27 and a 12-month high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0545 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock MuniYield Fund

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.