BlackRock MuniVest Fund, Inc. (NYSE:MVF) Sees Large Decrease in Short Interest

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 30,500 shares, a decrease of 42.7% from the May 15th total of 53,200 shares. Based on an average daily volume of 104,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

BlackRock MuniVest Fund Stock Performance

Shares of NYSE MVF traded up $0.02 during midday trading on Tuesday, hitting $6.64. The stock had a trading volume of 43,491 shares, compared to its average volume of 102,155. BlackRock MuniVest Fund has a 1 year low of $6.50 and a 1 year high of $7.64. The stock has a 50 day simple moving average of $6.75 and a 200-day simple moving average of $7.03.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Friday, June 13th.

Institutional Trading of BlackRock MuniVest Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MVF. Bessemer Group Inc. lifted its stake in BlackRock MuniVest Fund by 83.1% during the fourth quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock worth $29,000 after purchasing an additional 1,864 shares during the last quarter. Signaturefd LLC purchased a new stake in BlackRock MuniVest Fund in the 4th quarter valued at approximately $35,000. Creative Financial Designs Inc. ADV purchased a new position in BlackRock MuniVest Fund in the fourth quarter worth $38,000. CF Capital LLC acquired a new stake in shares of BlackRock MuniVest Fund in the fourth quarter valued at about $70,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund in the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Company Profile

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.