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 significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 9,800 shares, a decline of 66.1% from the March 31st total of 28,900 shares. Based on an average daily volume of 146,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

BlackRock MuniAssets Fund Stock Performance

MUA opened at $10.22 on Friday. BlackRock MuniAssets Fund has a 12 month low of $9.60 and a 12 month high of $12.69. The stock's 50 day moving average price is $10.62 and its 200 day moving average price is $11.23.

BlackRock MuniAssets Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.52%.

Institutional Trading of BlackRock MuniAssets Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC grew its holdings in shares of BlackRock MuniAssets Fund by 32.8% during the fourth quarter. Mariner LLC now owns 1,110,045 shares of the investment management company's stock valued at $12,255,000 after buying an additional 273,870 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniAssets Fund in the 4th quarter valued at about $2,457,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of BlackRock MuniAssets Fund during the first quarter worth approximately $1,786,000. Keybank National Association OH grew its position in BlackRock MuniAssets Fund by 14.2% during the fourth quarter. Keybank National Association OH now owns 1,004,022 shares of the investment management company's stock valued at $11,084,000 after purchasing an additional 124,464 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in BlackRock MuniAssets Fund by 10.1% in 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 period. 20.38% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Company Profile

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.

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