Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Grows By 115.4%

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 24,720 shares, an increase of 115.4% from the December 31st total of 11,475 shares. Based on an average daily volume of 129,477 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 129,477 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of BlackRock MuniYield Fund

Several institutional investors have recently made changes to their positions in the company. Integrated Capital Management Inc. acquired a new position in BlackRock MuniYield Fund during the second quarter worth $314,000. Allspring Global Investments Holdings LLC purchased a new position in BlackRock MuniYield Fund during the 3rd quarter valued at about $1,354,000. Mackay Shields LLC grew its position in BlackRock MuniYield Fund by 33.4% in the 2nd quarter. Mackay Shields LLC now owns 744,760 shares of the financial services provider’s stock valued at $7,477,000 after acquiring an additional 186,551 shares in the last quarter. Rareview Capital LLC grew its position in BlackRock MuniYield Fund by 98.5% in the 2nd quarter. Rareview Capital LLC now owns 199,334 shares of the financial services provider’s stock valued at $2,001,000 after acquiring an additional 98,897 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in BlackRock MuniYield Fund by 244.0% during the second quarter. Wolverine Asset Management LLC now owns 95,997 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 68,090 shares during the period. Hedge funds and other institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Price Performance

Shares of BlackRock MuniYield Fund stock traded up $0.01 during trading hours on Friday, reaching $10.61. 2,174 shares of the company’s stock were exchanged, compared to its average volume of 137,071. The business has a fifty day moving average of $10.46 and a two-hundred day moving average of $10.37. BlackRock MuniYield Fund has a 1 year low of $9.65 and a 1 year high of $10.92.

BlackRock MuniYield Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a $0.0545 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 6th.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.