BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Down 25.2% in November

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 40,300 shares, a drop of 25.2% from the November 15th total of 53,900 shares. Based on an average daily trading volume, of 89,600 shares, the short-interest ratio is presently 0.4 days.

BlackRock MuniAssets Fund Price Performance

Shares of NYSE MUA traded down $0.09 on Friday, reaching $11.62. 58,150 shares of the company's stock traded hands, compared to its average volume of 82,851. BlackRock MuniAssets Fund has a 12 month low of $10.38 and a 12 month high of $12.69. The business's 50 day simple moving average is $12.07 and its two-hundred day simple moving average is $11.85.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 5.73%.

Hedge Funds Weigh In On BlackRock MuniAssets Fund

Several large investors have recently made changes to their positions in MUA. Cetera Advisors LLC purchased a new position in BlackRock MuniAssets Fund during the 1st quarter worth $114,000. Tyche Wealth Partners LLC purchased a new stake in shares of BlackRock MuniAssets Fund during the 2nd quarter worth about $195,000. Rothschild Investment LLC purchased a new position in BlackRock MuniAssets Fund during the second quarter worth approximately $371,000. Commonwealth Equity Services LLC grew its stake in BlackRock MuniAssets Fund by 14.8% in 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 acquiring an additional 32,744 shares during the period. Finally, Financial Counselors Inc. acquired a new stake in shares of BlackRock MuniAssets Fund in the second quarter worth approximately $152,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

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.