BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Update

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 9,800 shares, a decline of 66.1% from the March 31st total of 28,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 146,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of hedge funds have recently added to or reduced their stakes in MUA. Mariner LLC boosted its stake in shares of BlackRock MuniAssets Fund by 32.8% during the 4th quarter. Mariner LLC now owns 1,110,045 shares of the investment management company's stock worth $12,255,000 after acquiring an additional 273,870 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BlackRock MuniAssets Fund in the 4th quarter valued at $2,457,000. Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock MuniAssets Fund in the 1st quarter worth about $1,786,000. Keybank National Association OH grew its holdings in BlackRock MuniAssets Fund by 14.2% in the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company's stock valued at $11,084,000 after purchasing an additional 124,464 shares during the period. Finally, Bank of America Corp DE raised its position in shares of BlackRock MuniAssets Fund by 10.1% in the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company's stock worth $12,721,000 after buying an additional 106,107 shares during the period. Institutional investors and hedge funds own 20.38% of the company's stock.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA traded down $0.01 during mid-day trading on Friday, hitting $10.29. 62,128 shares of the company were exchanged, compared to its average volume of 102,405. The stock has a 50 day simple moving average of $10.55 and a 200-day simple moving average of $11.18. BlackRock MuniAssets Fund has a 1-year low of $9.60 and a 1-year high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 15th were issued a dividend of $0.0555 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.67 annualized dividend and a yield of 6.47%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets 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 seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.