BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Up 36.4% in March

BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 57,000 shares, an increase of 36.4% from the March 15th total of 41,800 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 121,200 shares, the short-interest ratio is presently 0.5 days.

BlackRock MuniYield Fund Price Performance

Shares of NYSE:MYD traded up $0.09 during trading on Thursday, reaching $10.12. The company had a trading volume of 76,909 shares, compared to its average volume of 147,857. The company has a fifty day moving average of $10.45 and a two-hundred day moving average of $10.78. BlackRock MuniYield Fund has a 12 month low of $9.65 and a 12 month high of $11.74.

BlackRock MuniYield Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.0545 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 dividend on an annualized basis and a yield of 6.46%.

Institutional Trading of BlackRock MuniYield Fund

Several hedge funds and other institutional investors have recently bought and sold shares of MYD. Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniYield Fund by 4.2% in the 4th quarter. Guggenheim Capital LLC now owns 1,107,224 shares of the financial services provider's stock worth $11,504,000 after acquiring an additional 44,598 shares during the last quarter. Congress Park Capital LLC raised its position in BlackRock MuniYield Fund by 13.0% in the 1st quarter. Congress Park Capital LLC now owns 809,000 shares of the financial services provider's stock worth $8,535,000 after purchasing an additional 93,000 shares during the period. Van ECK Associates Corp lifted its stake in BlackRock MuniYield Fund by 6.5% in the fourth quarter. Van ECK Associates Corp now owns 347,642 shares of the financial services provider's stock worth $3,612,000 after purchasing an additional 21,337 shares during the last quarter. Bank of America Corp DE boosted its position in BlackRock MuniYield Fund by 17.8% during the fourth quarter. Bank of America Corp DE now owns 258,004 shares of the financial services provider's stock valued at $2,681,000 after buying an additional 39,001 shares during the period. Finally, LPL Financial LLC grew its stake in shares of BlackRock MuniYield Fund by 54.7% during the fourth quarter. LPL Financial LLC now owns 249,227 shares of the financial services provider's stock valued at $2,589,000 after buying an additional 88,118 shares during the last quarter. Hedge funds and other institutional investors own 33.77% of the company's stock.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets. The fund primarily in long-term investment-grade municipal bonds with a maturity of more than ten years. It is exempt from federal income taxes.