BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 26,200 shares, a drop of 21.8% from the December 15th total of 33,500 shares. Based on an average daily trading volume, of 117,600 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock MuniVest Fund Stock Performance

MVF traded up $0.03 during trading hours on Friday, hitting $7.18. 34,805 shares of the company’s stock were exchanged, compared to its average volume of 90,900. The stock’s 50-day moving average is $7.26 and its two-hundred day moving average is $7.36. BlackRock MuniVest Fund has a 1-year low of $6.73 and a 1-year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.43 annualized dividend and a dividend yield of 6.02%.

Institutional Trading of BlackRock MuniVest Fund

Several hedge funds have recently added to or reduced their stakes in MVF. Wolverine Asset Management LLC bought a new position in BlackRock MuniVest Fund in the third quarter valued at approximately $26,000. Larson Financial Group LLC boosted its holdings in BlackRock MuniVest Fund by 233.3% in the third quarter. Larson Financial Group LLC now owns 5,000 shares of the company’s stock valued at $38,000 after acquiring an additional 3,500 shares during the last quarter. US Bancorp DE acquired a new stake in shares of BlackRock MuniVest Fund during the third quarter worth $64,000. Benjamin Edwards Inc. bought a new position in shares of BlackRock MuniVest Fund in the 3rd quarter worth about $160,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in BlackRock MuniVest Fund in the third quarter worth approximately $164,000. 48.16% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniVest Fund

BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.