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

Key Points

• Short interest in BlackRock MuniVest Fund decreased by 32.7%, totaling 46,400 shares as of August 31, indicating reduced bearish sentiment.
• The fund recently declared a monthly dividend of $0.036 per share, representing an annualized yield of 6.2%, payable on October 1st.
• Institutional investors own 48.16% of BlackRock MuniVest Fund's stock, with notable purchases made by Northern Trust Corp and Ameriprise Financial Inc.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 46,400 shares, a decline of 32.7% from the August 15th total of 68,900 shares. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company's stock are sold short. Approximately 0.1% of the company's stock are sold short. Based on an average daily volume of 120,800 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock MuniVest Fund Stock Performance

MVF traded down $0.01 during trading on Friday, reaching $6.94. The company had a trading volume of 48,917 shares, compared to its average volume of 105,376. BlackRock MuniVest Fund has a 12 month low of $6.43 and a 12 month high of $7.64. The business's fifty day moving average price is $6.65 and its 200 day moving average price is $6.75.

BlackRock MuniVest Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a dividend of $0.036 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, September 15th.

Institutional Trading of BlackRock MuniVest Fund

Institutional investors have recently modified their holdings of the company. Guggenheim Capital LLC raised its holdings in BlackRock MuniVest Fund by 6.1% during the second quarter. Guggenheim Capital LLC now owns 1,401,164 shares of the company's stock worth $9,220,000 after acquiring an additional 80,567 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of BlackRock MuniVest Fund by 6.5% during the 1st quarter. Sit Investment Associates Inc. now owns 1,043,379 shares of the company's stock worth $7,314,000 after purchasing an additional 63,749 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniVest Fund by 16.4% during the 2nd quarter. Raymond James Financial Inc. now owns 931,347 shares of the company's stock worth $6,128,000 after purchasing an additional 131,439 shares in the last quarter. Bank of America Corp DE raised its stake in shares of BlackRock MuniVest Fund by 0.5% during the 4th quarter. Bank of America Corp DE now owns 447,153 shares of the company's stock worth $3,148,000 after purchasing an additional 2,051 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock MuniVest Fund by 7.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 333,712 shares of the company's stock valued at $2,339,000 after buying an additional 21,881 shares during the last quarter. 48.16% of the stock is currently owned by institutional investors.

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.