BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 30,500 shares, a drop of 42.7% from the May 15th total of 53,200 shares. Based on an average daily trading volume, of 104,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company's shares are sold short.
BlackRock MuniVest Fund Price Performance
Shares of MVF traded down $0.04 during trading on Thursday, reaching $6.60. 77,637 shares of the company traded hands, compared to its average volume of 102,514. The stock has a 50-day simple moving average of $6.74 and a 200-day simple moving average of $7.02. BlackRock MuniVest Fund has a twelve month low of $6.50 and a twelve month high of $7.64.
BlackRock MuniVest Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.036 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.43 annualized dividend and a yield of 6.55%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in MVF. Indiana Trust & Investment Management Co grew its stake in shares of BlackRock MuniVest Fund by 1.5% in the first quarter. Indiana Trust & Investment Management Co now owns 151,754 shares of the company's stock valued at $1,064,000 after buying an additional 2,234 shares in the last quarter. Royal Bank of Canada boosted its holdings in BlackRock MuniVest Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 74,834 shares of the company's stock valued at $525,000 after acquiring an additional 1,779 shares during the period. Guggenheim Capital LLC boosted its holdings in BlackRock MuniVest Fund by 16.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,320,597 shares of the company's stock valued at $9,257,000 after acquiring an additional 182,752 shares during the period. Raymond James Financial Inc. grew its position in BlackRock MuniVest Fund by 13.1% in the 1st quarter. Raymond James Financial Inc. now owns 799,908 shares of the company's stock valued at $5,607,000 after acquiring an additional 92,756 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in BlackRock MuniVest Fund by 6.5% during the first 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 period. 48.16% of the stock is currently owned by institutional investors and hedge funds.
About BlackRock MuniVest Fund
(
Get Free Report)
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.
Further Reading
Before you consider BlackRock MuniVest Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniVest Fund wasn't on the list.
While BlackRock MuniVest Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
