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

BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 80,200 shares, a decrease of 44.7% from the January 15th total of 145,100 shares. Based on an average daily trading volume, of 121,300 shares, the days-to-cover ratio is currently 0.7 days.

BlackRock MuniVest Fund Price Performance

MVF traded up $0.02 during trading on Monday, hitting $7.26. 114,389 shares of the company traded hands, compared to its average volume of 99,920. The stock's fifty day moving average is $7.19 and its 200 day moving average is $7.35. BlackRock MuniVest Fund has a one year low of $6.74 and a one year high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.036 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.43 annualized dividend and a yield of 5.95%.

Hedge Funds Weigh In On BlackRock MuniVest Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its position in BlackRock MuniVest Fund by 7.3% during the fourth quarter. Park Avenue Securities LLC now owns 140,206 shares of the company's stock worth $987,000 after purchasing an additional 9,537 shares during the period. Raymond James & Associates boosted its position in BlackRock MuniVest Fund by 1.6% during the third quarter. Raymond James & Associates now owns 356,787 shares of the company's stock worth $2,712,000 after purchasing an additional 5,504 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniVest Fund by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 38,977 shares of the company's stock worth $274,000 after purchasing an additional 17,383 shares during the period. US Bancorp DE bought a new position in BlackRock MuniVest Fund during the third quarter worth about $64,000. Finally, Janney Montgomery Scott LLC boosted its position in 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 during the period. Institutional investors own 48.16% of the company's stock.

BlackRock MuniVest Fund Company Profile

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.