Blackrock MuniYield California Fund (MYC) Short Interest Ratio & Short Volume

Short interest is the volume of Blackrock MuniYield California Fund shares that have been sold short but have not yet been covered or closed out. As of March 15th, traders have sold 7,800 shares of MYC short. Learn More on Blackrock MuniYield California Fund's current short interest.

Blackrock MuniYield California Fund saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 7,800 shares, a drop of 63.2% from the previous total of 21,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices" compare to Blackrock MuniYield California Fund: Agriculture & Natural Solutions Acquisition Co. (0.00%), IB Acquisition Corp. (0.00%), CF Acquisition Corp. VII (0.03%), Global Blockchain Acquisition Corp. (0.16%), Bayview Acquisition Corp (0.01%), Quetta Acquisition Co. (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: S&P Global Inc. ($6.96 billion), Charter Communications, Inc. ($5.13 billion), Palo Alto Networks, Inc. ($4.41 billion), Occidental Petroleum Co. ($2.91 billion), Lucid Group, Inc. ($2.40 billion), Wayfair Inc. ($2.01 billion), Live Nation Entertainment, Inc. ($1.85 billion), HP Inc. ($1.84 billion), Avis Budget Group, Inc. ($1.68 billion), and Rivian Automotive, Inc. ($1.66 billion). View all of the most shorted stocks.

Short selling MYC is an investing strategy that aims to generate trading profit from Blackrock MuniYield California Fund as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Blackrock MuniYield California Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of MYC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MYC, twice per month. The most recent reporting period available is March, 15 2022.