BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Significant Drop in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 35,600 shares, a decline of 25.2% from the October 15th total of 47,600 shares. Based on an average daily volume of 96,100 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC bought a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at $114,000. Pathway Financial Advisers LLC bought a new stake in BlackRock MuniAssets Fund during the 1st quarter valued at $61,000. Tyche Wealth Partners LLC bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $195,000. Rothschild Investment LLC bought a new stake in BlackRock MuniAssets Fund during the 2nd quarter valued at $371,000. Finally, Commonwealth Equity Services LLC increased its stake in BlackRock MuniAssets Fund by 14.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 253,744 shares of the investment management company's stock valued at $2,943,000 after purchasing an additional 32,744 shares in the last quarter. Institutional investors and hedge funds own 20.38% of the company's stock.

BlackRock MuniAssets Fund Stock Down 2.1 %

Shares of NYSE MUA traded down $0.26 during midday trading on Friday, reaching $12.14. The stock had a trading volume of 45,605 shares, compared to its average volume of 83,891. BlackRock MuniAssets Fund has a twelve month low of $9.71 and a twelve month high of $12.69. The company's 50 day moving average price is $12.23 and its 200 day moving average price is $11.72.

BlackRock MuniAssets Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.49%.

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.