BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 55,600 shares, a decrease of 16.9% from the February 28th total of 66,900 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily volume of 115,000 shares, the short-interest ratio is presently 0.5 days.
BlackRock MuniVest Fund Stock Performance
NYSE:MVF traded down $0.11 during trading hours on Friday, reaching $6.99. The company's stock had a trading volume of 147,419 shares, compared to its average volume of 109,679. The stock has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $7.28. BlackRock MuniVest Fund has a 12 month low of $6.74 and a 12 month high of $7.64.
BlackRock MuniVest Fund Dividend Announcement
The business 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 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, April 15th.
Hedge Funds Weigh In On BlackRock MuniVest Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in shares of BlackRock MuniVest Fund by 83.1% in the 4th quarter. Bessemer Group Inc. now owns 4,106 shares of the company's stock worth $29,000 after buying an additional 1,864 shares during the last quarter. Indiana Trust & Investment Management Co lifted its position in BlackRock MuniVest Fund by 1.4% during the fourth quarter. Indiana Trust & Investment Management Co now owns 149,520 shares of the company's stock valued at $1,053,000 after acquiring an additional 2,020 shares during the last quarter. Bank of America Corp DE grew its holdings in BlackRock MuniVest Fund by 0.5% in the fourth quarter. Bank of America Corp DE now owns 447,153 shares of the company's stock worth $3,148,000 after purchasing an additional 2,051 shares during the last quarter. Signaturefd LLC acquired a new position in shares of BlackRock MuniVest Fund during the fourth quarter worth $35,000. Finally, Janney Montgomery Scott LLC increased its position in shares of BlackRock MuniVest Fund by 21.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,471 shares of the company's stock worth $200,000 after purchasing an additional 5,095 shares in the last quarter. Hedge funds and other institutional investors own 48.16% of the company's stock.
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.
Further Reading
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