BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 67,100 shares, a decrease of 56.6% from the November 30th total of 154,600 shares. Based on an average trading volume of 168,900 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of BlackRock MuniYield Fund
Several large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of BlackRock MuniYield Fund during the second quarter worth $1,492,000. Congress Park Capital LLC grew its holdings in BlackRock MuniYield Fund by 8.8% during the 3rd quarter. Congress Park Capital LLC now owns 790,000 shares of the financial services provider's stock worth $9,030,000 after acquiring an additional 64,000 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniYield Fund in the 3rd quarter valued at about $605,000. Virtu Financial LLC bought a new position in shares of BlackRock MuniYield Fund in the third quarter worth about $230,000. Finally, Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniYield Fund in the second quarter worth about $206,000. 33.77% of the stock is owned by institutional investors.
BlackRock MuniYield Fund Stock Down 0.2 %
Shares of NYSE MYD traded down $0.02 during midday trading on Friday, reaching $10.42. 353,297 shares of the company traded hands, compared to its average volume of 171,296. BlackRock MuniYield Fund has a 12 month low of $10.27 and a 12 month high of $11.74. The stock's 50-day simple moving average is $11.12 and its 200-day simple moving average is $11.13.
BlackRock MuniYield Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.0545 per share. This represents a $0.65 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Monday, December 16th.
BlackRock MuniYield Fund Company Profile
(
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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.
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