BlackRock MuniVest Fund, Inc. (NYSE:MVF) Short Interest Update

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 26,200 shares, a drop of 21.8% from the December 15th total of 33,500 shares. Based on an average daily trading volume, of 117,600 shares, the short-interest ratio is presently 0.2 days.

BlackRock MuniVest Fund Price Performance

Shares of NYSE MVF traded up $0.10 during trading on Wednesday, hitting $7.18. The company had a trading volume of 73,411 shares, compared to its average volume of 100,846. BlackRock MuniVest Fund has a 52 week low of $6.73 and a 52 week high of $7.64. The business's 50-day moving average is $7.26 and its 200 day moving average is $7.36.

BlackRock MuniVest Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MVF. Raymond James & Associates raised its stake in BlackRock MuniVest Fund by 1.6% during the 3rd quarter. Raymond James & Associates now owns 356,787 shares of the company's stock valued at $2,712,000 after purchasing an additional 5,504 shares during the period. US Bancorp DE acquired a new position in BlackRock MuniVest Fund during the third quarter valued at $64,000. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniVest Fund in the 3rd quarter worth about $26,000. Kimelman & Baird LLC acquired a new stake in BlackRock MuniVest Fund during the 2nd quarter worth about $187,000. Finally, Leo Wealth LLC grew its stake in BlackRock MuniVest Fund by 10.9% during the 3rd quarter. Leo Wealth LLC now owns 302,334 shares of the company's stock valued at $2,298,000 after acquiring an additional 29,607 shares in the last quarter. Institutional investors and hedge funds own 48.16% of the company's stock.

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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