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

Key Points

• BlackRock MuniVest Fund's short interest surged by 160.6% in July, totaling 132,400 shares as of July 31, which represents approximately 0.2% of the company's shares sold short.
• Institutional investors have increased their holdings, with LPL Financial growing its stake by 21.1%, and Bessemer Group increasing by 83.1% during the 4th quarter.
• The fund recently declared a monthly dividend of $0.036 per share, which yields 6.5%, payable on September 2nd to shareholders of record as of August 15th.

BlackRock MuniVest Fund, Inc. (NYSE:MVF - ) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 132,400 shares, agrowthof160.6% from the July 15th total of 50,800 shares. Based on an average daily trading volume, of 110,400 shares, the days-to-cover ratio is presently 1.2 days. Approximately0.2% of the shares of the company are sold short. Approximately0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 110,400 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of BlackRock MuniVest Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in shares of BlackRock MuniVest Fund by 21.1% during the 4th quarter. LPL Financial LLC now owns 75,065 shares of the company's stock worth $528,000 after acquiring an additional 13,067 shares during the period. Envestnet Asset Management Inc. grew its position in shares of BlackRock MuniVest Fund by 5.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 166,940 shares of the company's stock worth $1,175,000 after buying an additional 8,229 shares during the period. Invesco Ltd. grew its holdings in BlackRock MuniVest Fund by 52.9% during the fourth quarter. Invesco Ltd. now owns 231,763 shares of the company's stock valued at $1,632,000 after purchasing an additional 80,197 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock MuniVest Fund during the fourth quarter valued at approximately $4,978,000. Finally, Bessemer Group Inc. grew its holdings in BlackRock MuniVest Fund by 83.1% during the fourth quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock valued at $29,000 after purchasing an additional 1,864 shares during the period. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Stock Performance

NYSE:MVF traded down $0.04 during midday trading on Friday, reaching $6.66. The stock had a trading volume of 23,238 shares, compared to its average volume of 115,900. BlackRock MuniVest Fund has a 1-year low of $6.43 and a 1-year high of $7.64. The firm's fifty day simple moving average is $6.60 and its 200-day simple moving average is $6.84.

BlackRock MuniVest Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.036 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Friday, August 15th.

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.

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