Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Decreases By 72.0%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 36,200 shares, a drop of 72.0% from the March 15th total of 129,400 shares. Based on an average trading volume of 96,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of BlackRock MuniAssets Fund

Several large investors have recently modified their holdings of the business. Rivernorth Capital Management LLC grew its stake in BlackRock MuniAssets Fund by 120.8% in the second quarter. Rivernorth Capital Management LLC now owns 658,204 shares of the investment management company's stock worth $6,747,000 after purchasing an additional 360,133 shares in the last quarter. Bank of America Corp DE grew its stake in BlackRock MuniAssets Fund by 83.6% in the fourth quarter. Bank of America Corp DE now owns 664,260 shares of the investment management company's stock worth $7,187,000 after purchasing an additional 302,447 shares in the last quarter. Mangrove Partners acquired a new position in BlackRock MuniAssets Fund in the fourth quarter worth about $2,581,000. Mariner LLC grew its stake in BlackRock MuniAssets Fund by 259.1% in the fourth quarter. Mariner LLC now owns 220,127 shares of the investment management company's stock worth $2,382,000 after purchasing an additional 158,832 shares in the last quarter. Finally, UBS Group AG grew its stake in BlackRock MuniAssets Fund by 125.9% in the second quarter. UBS Group AG now owns 193,801 shares of the investment management company's stock worth $2,360,000 after purchasing an additional 108,014 shares in the last quarter. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Down 0.1 %

Shares of BlackRock MuniAssets Fund stock traded down $0.01 during trading hours on Wednesday, hitting $11.24. 93,643 shares of the company's stock traded hands, compared to its average volume of 85,322. The stock has a 50 day simple moving average of $11.05 and a 200-day simple moving average of $10.32. BlackRock MuniAssets Fund has a twelve month low of $8.61 and a twelve month high of $11.43.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, April 12th. This represents a $0.67 annualized dividend and a dividend yield of 5.93%.

About BlackRock MuniAssets Fund

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.

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