BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 50,900 shares, a growth of 28.9% from the December 31st total of 39,500 shares. Based on an average daily volume of 98,600 shares, the short-interest ratio is currently 0.5 days.
BlackRock MuniAssets Fund Trading Up 0.4 %
Shares of NYSE:MUA traded up $0.04 during midday trading on Monday, hitting $11.09. The company had a trading volume of 93,332 shares, compared to its average volume of 93,140. BlackRock MuniAssets Fund has a 12-month low of $10.68 and a 12-month high of $12.69. The company has a fifty day moving average of $11.32 and a two-hundred day moving average of $11.76.
BlackRock MuniAssets Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.00%.
Institutional Investors Weigh In On BlackRock MuniAssets Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new stake in shares of BlackRock MuniAssets Fund in the 4th quarter worth $33,000. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniAssets Fund in the 4th quarter worth $60,000. CWM LLC increased its stake in BlackRock MuniAssets Fund by 94.1% in the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company's stock worth $67,000 after buying an additional 2,625 shares in the last quarter. River Street Advisors LLC purchased a new stake in BlackRock MuniAssets Fund in the 4th quarter worth $119,000. Finally, Creative Planning purchased a new stake in BlackRock MuniAssets Fund in the 3rd quarter worth $128,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock MuniAssets Fund Company Profile
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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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