BlackRock MuniVest Fund, Inc. (NYSE:MVF - Get Free Report) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 35,000 shares, a decline of 19.2% from the October 15th total of 43,300 shares. Based on an average daily trading volume, of 93,000 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On BlackRock MuniVest Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new stake in BlackRock MuniVest Fund in the third quarter valued at approximately $160,000. Larson Financial Group LLC raised its position in BlackRock MuniVest Fund by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 5,000 shares of the company's stock valued at $38,000 after purchasing an additional 3,500 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniVest Fund during the third quarter valued at approximately $26,000. US Bancorp DE purchased a new stake in BlackRock MuniVest Fund in the third quarter worth $64,000. Finally, Pathway Financial Advisers LLC lifted its holdings in BlackRock MuniVest Fund by 666.2% in the third quarter. Pathway Financial Advisers LLC now owns 64,656 shares of the company's stock worth $491,000 after buying an additional 56,218 shares during the period. 48.16% of the stock is owned by hedge funds and other institutional investors.
BlackRock MuniVest Fund Price Performance
MVF stock traded down $0.03 during midday trading on Friday, hitting $7.29. The stock had a trading volume of 74,483 shares, compared to its average volume of 122,748. BlackRock MuniVest Fund has a 1-year low of $6.56 and a 1-year high of $7.64. The business has a fifty day moving average price of $7.46 and a two-hundred day moving average price of $7.30.
BlackRock MuniVest Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.036 per share. This represents a $0.43 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Friday, November 15th.
BlackRock MuniVest Fund Company Profile
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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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