Short Interest in BlackRock MuniYield Fund, Inc. (NYSE:MYD) Decreases By 36.2%

BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) saw a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 22,400 shares, a decline of 36.2% from the May 15th total of 35,100 shares. Based on an average daily volume of 134,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC raised its position in shares of BlackRock MuniYield Fund by 4.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider's stock valued at $11,504,000 after purchasing an additional 44,598 shares during the period. Congress Park Capital LLC grew its stake in BlackRock MuniYield Fund by 13.0% in the 1st quarter. Congress Park Capital LLC now owns 809,000 shares of the financial services provider's stock valued at $8,535,000 after buying an additional 93,000 shares in the last quarter. Mackay Shields LLC raised its holdings in BlackRock MuniYield Fund by 43.6% during the 1st quarter. Mackay Shields LLC now owns 558,209 shares of the financial services provider's stock valued at $5,889,000 after acquiring an additional 169,456 shares during the period. City of London Investment Management Co. Ltd. raised its holdings in BlackRock MuniYield Fund by 251.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 473,939 shares of the financial services provider's stock valued at $5,000,000 after acquiring an additional 339,141 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of BlackRock MuniYield Fund by 6.5% during the fourth quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider's stock worth $3,612,000 after acquiring an additional 21,337 shares in the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Fund Stock Performance

NYSE:MYD traded up $0.01 during trading hours on Monday, reaching $9.97. The stock had a trading volume of 42,071 shares, compared to its average volume of 142,466. The stock has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $10.48. BlackRock MuniYield Fund has a 12-month low of $9.65 and a 12-month high of $11.74.

BlackRock MuniYield Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 6.56%. The ex-dividend date is Friday, June 13th.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.