BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 55,600 shares, a decline of 16.9% from the February 28th total of 66,900 shares. Currently, 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 115,000 shares, the short-interest ratio is presently 0.5 days.
BlackRock MuniVest Fund Stock Down 1.1 %
NYSE:MVF traded down $0.08 during trading hours on Friday, hitting $7.01. The company had a trading volume of 169,897 shares, compared to its average volume of 108,761. BlackRock MuniVest Fund has a 1 year low of $6.74 and a 1 year high of $7.64. The company has a 50-day moving average of $7.18 and a 200 day moving average of $7.28.
BlackRock MuniVest Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Tuesday, April 15th.
Hedge Funds Weigh In On BlackRock MuniVest Fund
A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in BlackRock MuniVest Fund during the fourth quarter worth $4,978,000. Park Avenue Securities LLC increased its position in shares of BlackRock MuniVest Fund by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock worth $987,000 after purchasing an additional 9,537 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth about $423,000. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniVest Fund by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock valued at $274,000 after buying an additional 17,383 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in BlackRock MuniVest Fund by 21.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock valued at $200,000 after buying an additional 5,095 shares during the last quarter. 48.16% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund Company Profile
(
Get Free Report)
BlackRock MuniVest 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 the fixed income markets of the United States. It primarily invests in investment grade, long term municipal obligations that are exempt from federal income taxes.
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