BlackRock MuniVest Fund, Inc. (NYSE:MVF) Sees Significant Decline in Short Interest

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 6,300 shares, a decrease of 54.0% from the March 15th total of 13,700 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.1 days.

BlackRock MuniVest Fund Stock Performance

Shares of MVF traded up $0.04 during trading hours on Thursday, hitting $6.93. The stock had a trading volume of 183,400 shares, compared to its average volume of 161,991. The firm has a 50 day simple moving average of $7.01 and a 200-day simple moving average of $6.74. BlackRock MuniVest Fund has a 1-year low of $5.85 and a 1-year high of $7.19.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, April 12th. This represents a $0.36 annualized dividend and a dividend yield of 5.19%.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Large investors have recently modified their holdings of the company. Alpine Global Management LLC bought a new stake in BlackRock MuniVest Fund during the 3rd quarter valued at $214,000. Karpus Management Inc. raised its holdings in shares of BlackRock MuniVest Fund by 8.3% in the 3rd quarter. Karpus Management Inc. now owns 7,353,043 shares of the company's stock worth $44,559,000 after acquiring an additional 565,205 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in BlackRock MuniVest Fund by 1.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 145,501 shares of the company's stock valued at $882,000 after acquiring an additional 2,524 shares in the last quarter. AQR Arbitrage LLC lifted its position in BlackRock MuniVest Fund by 59.6% in the 3rd quarter. AQR Arbitrage LLC now owns 449,035 shares of the company's stock valued at $2,721,000 after acquiring an additional 167,621 shares in the last quarter. Finally, Advisor Partners II LLC acquired a new position in BlackRock MuniVest Fund during the 3rd quarter valued at about $2,850,000. 48.16% of the stock is currently owned by institutional investors.

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.