BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Short Interest Update

BlackRock MuniAssets Fund, Inc. (NYSE:MUA - Get Free Report) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 53,900 shares, an increase of 51.4% from the October 31st total of 35,600 shares. Based on an average daily volume of 93,300 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its stake in BlackRock MuniAssets Fund by 13.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,869 shares of the investment management company's stock valued at $215,000 after buying an additional 2,150 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in BlackRock MuniAssets Fund by 3.9% in the third quarter. Rockefeller Capital Management L.P. now owns 163,145 shares of the investment management company's stock worth $2,023,000 after purchasing an additional 6,054 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of BlackRock MuniAssets Fund by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 124,390 shares of the investment management company's stock valued at $1,542,000 after acquiring an additional 7,850 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of BlackRock MuniAssets Fund by 1,152.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 60,371 shares of the investment management company's stock valued at $749,000 after purchasing an additional 55,551 shares during the period. Finally, Creative Planning bought a new stake in BlackRock MuniAssets Fund in the third quarter valued at $128,000. 20.38% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniAssets Fund Stock Performance

MUA stock traded up $0.21 during trading on Friday, hitting $12.27. The company had a trading volume of 72,869 shares, compared to its average volume of 83,054. The business has a 50 day moving average of $12.17 and a 200 day moving average of $11.79. BlackRock MuniAssets Fund has a fifty-two week low of $10.10 and a fifty-two week high of $12.69.

BlackRock MuniAssets Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Friday, November 15th.

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.

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