Short Interest in BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Decreases By 28.8%

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 14,100 shares, a drop of 28.8% from the February 13th total of 19,800 shares. Based on an average daily trading volume, of 126,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUA. Bank of America Corp DE raised its stake in BlackRock MuniAssets Fund by 10.1% during the 4th quarter. Bank of America Corp DE now owns 1,152,278 shares of the investment management company's stock valued at $12,721,000 after buying an additional 106,107 shares during the last quarter. Guggenheim Capital LLC increased its position in BlackRock MuniAssets Fund by 4.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,146,514 shares of the investment management company's stock valued at $12,658,000 after acquiring an additional 48,336 shares during the last quarter. Mariner LLC lifted its holdings in BlackRock MuniAssets Fund by 32.8% in the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company's stock valued at $12,255,000 after acquiring an additional 273,870 shares during the period. Keybank National Association OH boosted its position in BlackRock MuniAssets Fund by 14.2% in the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company's stock worth $11,084,000 after purchasing an additional 124,464 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniAssets Fund during the 4th quarter valued at about $2,457,000. Hedge funds and other institutional investors own 20.38% of the company's stock.

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BlackRock MuniAssets Fund Price Performance

NYSE MUA traded up $0.13 during trading hours on Thursday, hitting $10.79. The company's stock had a trading volume of 233,459 shares, compared to its average volume of 94,857. The company's 50 day simple moving average is $11.00 and its two-hundred day simple moving average is $11.61. BlackRock MuniAssets Fund has a 12 month low of $10.64 and a 12 month high of $12.69.

BlackRock MuniAssets Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.18%.

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.