BlackRock MuniYield Fund, Inc. (NYSE:MYD) Short Interest Update

BlackRock MuniYield Fund, Inc. (NYSE:MYD - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 21,600 shares, an increase of 52.1% from the February 13th total of 14,200 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 162,100 shares, the short-interest ratio is currently 0.1 days.

BlackRock MuniYield Fund Trading Down 0.0 %

Shares of BlackRock MuniYield Fund stock traded down $0.00 during trading on Wednesday, hitting $10.46. 232,067 shares of the company's stock traded hands, compared to its average volume of 142,289. BlackRock MuniYield Fund has a 1 year low of $10.27 and a 1 year high of $11.74. The business has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $11.01.

BlackRock MuniYield Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0545 per share. The ex-dividend date is Friday, March 14th. This represents a $0.65 annualized dividend and a dividend yield of 6.25%.

Institutional Investors Weigh In On BlackRock MuniYield Fund

Several institutional investors have recently modified their holdings of MYD. Tanglewood Legacy Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter valued at $47,000. Avidian Wealth Enterprises LLC purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter valued at $105,000. Simon Quick Advisors LLC purchased a new stake in shares of BlackRock MuniYield Fund during the fourth quarter valued at $110,000. Independent Advisor Alliance bought a new position in BlackRock MuniYield Fund in the fourth quarter valued at about $120,000. Finally, Wolverine Asset Management LLC lifted its holdings in BlackRock MuniYield Fund by 740.0% in the fourth quarter. Wolverine Asset Management LLC now owns 11,760 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 10,360 shares during the period. 33.77% of the stock is owned by hedge funds and other institutional investors.

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About BlackRock MuniYield Fund

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.