BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Update

BlackRock MuniYield Fund, Inc. (NYSE:MYD) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 6,700 shares, a decline of 90.0% from the December 31st total of 67,100 shares. Based on an average daily volume of 189,200 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On BlackRock MuniYield Fund

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new stake in BlackRock MuniYield Fund in the 2nd quarter valued at $206,000. Congress Park Capital LLC raised its position in shares of BlackRock MuniYield Fund by 8.8% in the third quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider’s stock valued at $9,030,000 after purchasing an additional 64,000 shares during the period. Private Advisor Group LLC bought a new position in shares of BlackRock MuniYield Fund in the third quarter valued at about $138,000. J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock MuniYield Fund during the 3rd quarter worth about $605,000. Finally, Intellectus Partners LLC grew its stake in BlackRock MuniYield Fund by 10.1% in the 3rd quarter. Intellectus Partners LLC now owns 76,000 shares of the financial services provider’s stock valued at $872,000 after buying an additional 7,000 shares during the last quarter. Institutional investors own 33.77% of the company’s stock.

BlackRock MuniYield Fund Stock Performance

BlackRock MuniYield Fund stock traded up $0.01 during mid-day trading on Tuesday, hitting $10.65. 64,899 shares of the company’s stock were exchanged, compared to its average volume of 125,718. The company’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $11.09. BlackRock MuniYield Fund has a fifty-two week low of $10.27 and a fifty-two week high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.0545 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.14%.

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.