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

BlackRock MuniVest Fund, Inc. (NYSE:MVF) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 53,500 shares, a decrease of 20.7% from the May 31st total of 67,500 shares. Based on an average daily trading volume, of 135,100 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock MuniVest Fund Trading Down 0.3 %

Shares of MVF stock traded down $0.03 during mid-day trading on Friday, reaching $7.17. The company’s stock had a trading volume of 38,760 shares, compared to its average volume of 78,000. BlackRock MuniVest Fund has a 1-year low of $5.85 and a 1-year high of $7.23. The firm’s 50-day moving average is $7.03 and its two-hundred day moving average is $7.00.

BlackRock MuniVest Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, June 14th.

Hedge Funds Weigh In On BlackRock MuniVest Fund

A number of hedge funds have recently made changes to their positions in MVF. Pineridge Advisors LLC acquired a new stake in shares of BlackRock MuniVest Fund during the 4th quarter worth about $41,000. Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniVest Fund in the 1st quarter valued at about $59,000. Aviance Capital Partners LLC acquired a new stake in BlackRock MuniVest Fund in the 1st quarter valued at about $74,000. Transcend Capital Advisors LLC acquired a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $84,000. Finally, Stonebrook Private Inc. acquired a new stake in BlackRock MuniVest Fund in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 48.16% of the company’s stock.

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.