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

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 35,000 shares, a drop of 19.2% from the October 15th total of 43,300 shares. Based on an average daily volume of 93,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MVF. Wolverine Asset Management LLC acquired a new position in BlackRock MuniVest Fund during the third quarter worth about $26,000. Larson Financial Group LLC increased 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 worth $38,000 after purchasing an additional 3,500 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in BlackRock MuniVest Fund in the 1st quarter valued at approximately $59,000. US Bancorp DE acquired a new stake in BlackRock MuniVest Fund in the third quarter valued at approximately $64,000. Finally, Cetera Advisors LLC bought a new stake in shares of BlackRock MuniVest Fund during the first quarter worth $101,000. 48.16% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniVest Fund Price Performance

MVF stock traded down $0.04 during mid-day trading on Friday, hitting $7.28. The stock had a trading volume of 75,964 shares, compared to its average volume of 122,748. The firm has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $7.31. BlackRock MuniVest Fund has a 52 week low of $6.56 and a 52 week high of $7.64.

BlackRock MuniVest Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.036 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.43 dividend on an annualized basis and a yield of 5.93%.

About BlackRock MuniVest Fund

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.