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

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its stake in shares of BlackRock Municipal Income Fund by 736.3% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 8,363 shares of the company’s stock worth $101,000 after buying an additional 7,363 shares during the last quarter. Drive Wealth Management LLC purchased a new position in shares of BlackRock Municipal Income Fund in the 4th quarter worth approximately $131,000. Cerity Partners LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter valued at approximately $141,000. Cetera Advisors LLC purchased a new position in BlackRock Municipal Income Fund in the first quarter valued at approximately $145,000. Finally, Scissortail Wealth Management LLC purchased a new position in BlackRock Municipal Income Fund in the fourth quarter valued at approximately $150,000.

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.