BlackRock MuniAssets Fund, Inc. (NYSE:MUA) Sees Significant Decline in Short Interest

BlackRock MuniAssets Fund, Inc. (NYSE:MUA) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 40,300 shares, a decrease of 25.2% from the November 15th total of 53,900 shares. Based on an average daily trading volume, of 89,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock MuniAssets Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of BlackRock MuniAssets Fund by 94.1% during the 3rd quarter. CWM LLC now owns 5,415 shares of the investment management company’s stock valued at $67,000 after buying an additional 2,625 shares during the last quarter. Cetera Advisors LLC bought a new position in BlackRock MuniAssets Fund during the 1st quarter valued at $114,000. Creative Planning acquired a new position in BlackRock MuniAssets Fund during the 3rd quarter worth $128,000. Financial Counselors Inc. acquired a new position in BlackRock MuniAssets Fund during the 2nd quarter worth $152,000. Finally, PFG Investments LLC bought a new stake in shares of BlackRock MuniAssets Fund in the 2nd quarter worth about $157,000. 20.38% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniAssets Fund Stock Down 0.8 %

Shares of BlackRock MuniAssets Fund stock traded down $0.09 during trading hours on Friday, hitting $11.62. 58,150 shares of the company’s stock traded hands, compared to its average volume of 82,851. BlackRock MuniAssets Fund has a twelve month low of $10.38 and a twelve month high of $12.69. The stock has a 50 day simple moving average of $12.07 and a 200-day simple moving average of $11.85.

BlackRock MuniAssets Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 dividend on an annualized basis and a yield of 5.73%.

BlackRock MuniAssets Fund Company Profile

BlackRock MuniAssets 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 fixed income markets. It seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of medium-to-lower grade or unrated municipal obligations the interest on which is exempt from federal income taxes.