BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 22,400 shares, a decrease of 36.2% from the May 15th total of 35,100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 134,300 shares, the days-to-cover ratio is presently 0.2 days.
BlackRock MuniYield Fund Price Performance
Shares of NYSE:MYD traded down $0.08 during midday trading on Thursday, reaching $9.93. The company had a trading volume of 97,768 shares, compared to its average volume of 142,323. The company's 50 day moving average price is $10.06 and its 200 day moving average price is $10.46. BlackRock MuniYield Fund has a 52-week low of $9.65 and a 52-week high of $11.74.
BlackRock MuniYield Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a $0.0545 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.65 dividend on an annualized basis and a yield of 6.59%.
Hedge Funds Weigh In On BlackRock MuniYield Fund
Several hedge funds have recently made changes to their positions in MYD. Bank of Montreal Can raised its holdings in shares of BlackRock MuniYield Fund by 4.7% in the 4th quarter. Bank of Montreal Can now owns 21,386 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 953 shares in the last quarter. Choreo LLC boosted its stake in shares of BlackRock MuniYield Fund by 8.5% in the 4th quarter. Choreo LLC now owns 12,738 shares of the financial services provider's stock valued at $132,000 after purchasing an additional 994 shares in the last quarter. Cetera Investment Advisers boosted its position in BlackRock MuniYield Fund by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 37,768 shares of the financial services provider's stock valued at $392,000 after buying an additional 1,040 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of BlackRock MuniYield Fund by 12.6% during the first quarter. Atria Wealth Solutions Inc. now owns 12,580 shares of the financial services provider's stock valued at $133,000 after buying an additional 1,410 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of BlackRock MuniYield Fund by 5.9% during the first quarter. Fortitude Advisory Group L.L.C. now owns 32,076 shares of the financial services provider's stock valued at $318,000 after buying an additional 1,800 shares during the last quarter. 33.77% of the stock is currently owned by hedge funds and other institutional investors.
About BlackRock MuniYield Fund
(
Get Free Report)
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.
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