BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Down 20.7% in February

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 63,600 shares, a decline of 20.7% from the January 31st total of 80,200 shares. Based on an average daily trading volume, of 123,900 shares, the short-interest ratio is currently 0.5 days.

BlackRock MuniVest Fund Stock Down 0.5 %

NYSE MVF traded down $0.04 during trading hours on Tuesday, reaching $7.27. The company's stock had a trading volume of 99,915 shares, compared to its average volume of 99,574. The firm's 50-day moving average price is $7.20 and its 200-day moving average price is $7.34. BlackRock MuniVest Fund has a 1 year low of $6.74 and a 1 year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.43 dividend on an annualized basis and a yield of 5.94%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new stake in BlackRock MuniVest Fund in the 3rd quarter worth approximately $26,000. Bessemer Group Inc. increased its stake in 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 acquiring an additional 1,864 shares during the last quarter. Signaturefd LLC bought a new stake in BlackRock MuniVest Fund in the 4th quarter worth approximately $35,000. Larson Financial Group LLC increased its stake in BlackRock MuniVest Fund by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company's stock worth $38,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in BlackRock MuniVest Fund in the 4th quarter worth approximately $38,000. 48.16% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniVest Fund

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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